The Oil and the US cues seem to be suggesting a hope for a better future of the markets. The Dow ended 207 points up. Asia started in the green but seems slipping now. Oil is stuck below 130. Overall a better day today than most of this year. Good signs I would say.
Expect the BSE to open a couple of hundred points above yesterday and trade in that region mostly. It should ultimately top 13,500 or nearabouts (+-50) by close. The Nifty should open near 4,000 and close a little above it. The only dampners as of now can be the RBI's 29th July rate hike fears and the political jitters. The Stocks to be watched will be Oil and Banks. A good showing on Tech should also continue while Steel and metals may get beaten a little. Overall should be a slightly volatile day. But then, what is a market that doesn't allow for a bit of a volatility.
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