Tuesday, April 22, 2008

Down Today, Up Tommorow??

Negative cues from overseas in the Asian region and the weak sentiments when it comes to Banks and Tech should drive the market down today. The main drivers should be the Banking and Tech stocks. Expect BSE to be volleying in the 16,500 to 16,600 range mostly with a negative bias, ending the day in the 16,500 region and possibly below it. The NSE should trade near the 5,000 mark mostly with a small chance to break below the level and settle near 4,990. In case it defies so, expect it to still make it just above 5,000. But overall, I expect a positive march up for the markets this week. Fingers Crossed.

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