The Dow as per my Msg on MFF Free SMS Group yesterday did not close above the key point and just missed it by few points. Right now the Dow is trading down a little over 100 points and lets hope it move up to break some more highs.

Indian markets moved up with support of Banks and other sectors which are Interest rates sensitive. As said earlier these sectors would benefit if the rates come down and the scenario is very likely as of now. The market is in highly highly over sold territory and such news will get discounted fast. Sensex has to survive after recovering 10% atleast before people start betting big.

081021 – 1955 Hrs