ALL THE GLOBAL MARKETS CRASHED AFTER THIS WORLD BANK 2009 FORECAST:-
"GLOBAL GROWTH WILL SHRINK BY2.9% VERSUS WORLD BANK EARLIER FORECAST OF 1.7% CONTRACTION. WORLD BAANK ALSO EXPECTED THAT GLOBAL TRADE WILL PLUMMET 9.7% THIS YEAR"
INDIAN MARKETS WILL RESPOND CRASHED WORLD MARKETS WITH GAP DOWN OPENING TODAY BUT 4210-4240 IS STRONG SUPPORT RANGE AND IF NIFTY SUSTAINS BELOW IT THEN FURTHER WEAKNESS WILL CONFIRM. INTRADAY CHARTS OF LAST 3 DAYS ARE SHOWING CONSOLIDATION WITHIN THIS RANGE THEREFORE IT IS EXPECTED THAT INDIAN MARKETS WILL RECOVER AND CROSS SUPPORT RANGE OF 4210-4240 EITHER TODAY OR TOMORROW EVEN AFTER WORLD BANK DISAPPOINTING FORECAST AND CRASHED ALL THE GLOBAL MARKETS.
I EXPECT THAT INDIAN MARKETS WILL RECOVER AFTER GAP DOWN OPENING AND WILL CLOSE IN GREEN TODAY.AS SENTIMENT IS EXTREMELY DAMPENED THEREFORE IF GREEN CLOSING IS NOT SEEN TODAY THEN IT WILL NOT MEAN THAT FRESH DOWN MOVE STARTED AND IT IS ALSO EXPECTED THAT AFTER CONSOLIDATION TODAY INDIAN MARKETS SHOULD MOVE UP IN THE COMING SESSIONS.
(LALIT KUMAR DHINGRA)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment