Today, expect the market to open on a cautious to slightly higher note. US shares were down 2.5-3%, while European and Emerging markets fell marginally. Asian markets are largely up this morning with markets in Tokyo, Hong Kong and Seoul leading the advance.we expect the momentum to continue at least in the early trades. By all means make money, but don’t give yourself a stiff deadline and don’t wait for the weekend’s announcements. Some trimming of positions is not ruled out on fears that measures coulddisappoint markets.
Given the rally we had on Thursday and with Nifty closing above crucial resistance levels.Pain is bearable for a short time. But prolonged pain leads to torture so ensure that your positions are good enough to climb over any wall of worries. Else, sit on the fence till the situation stabilizes.
Given the rally we had on Thursday and with Nifty closing above crucial resistance levels.Pain is bearable for a short time. But prolonged pain leads to torture so ensure that your positions are good enough to climb over any wall of worries. Else, sit on the fence till the situation stabilizes.
All eyes today will be on today's monthly unemployment report, which again is likely to paint a grim picture of the labour market scenario in the US. The fate of the Big Three automakers is still hanging in balance. Even if they get aid from Washington, the big question is will they be able to beat the global economic slump.
