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

Post your Valuable Comments below:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s