After the bad crash yesterday, we could see some short covering today. Also Global market giving support to it. All US and Asian markets in Green. US markets opened in RED but rise after S&P Report.
Both Nifty and BSE will open gap up atleast by 1%.
But worst is not over yet. Market not bottomed up, so be cautious and trade with strict SL. Dont go for fresh long positions now. But keep the existing positions. U can use further downs to average long positions
US closing
Dow 12,145.74 +35.50 +0.29%
Nasdaq 2,263.61 +19.74 +0.88%
S&P 500 1,315.48 +6.71 +0.51%
Asian market at 8.35 AM IST
Nikkei 225 12,497.63 +64.19 +0.52%
Hang Seng 22,550.14 +248.50 +1.11%
Straits Times 2,846.38 +40.83 +1.46%
No comments:
Post a Comment