After a stimulating start on Monday, the bulls failed to hold on to their gains. Today,we expect something similar today. Though US markets ended in the red, the Indian indices could be off to a smart start. The Asian cues are positive for the time being. Use the gains to lighten and shuffle your positions as the gains could get pared unless global markets boost local sentiment. Conviction, however, continues to evade the market players.
Asian stocks rose for a fourth day as optimism that stimulus plans will boost the global economy lifted commodity producers and automakers. The auto bailout bill in the US is still pending, which probably hurt Wall Street.
