2009/03/04

Markets the day ahead

US markets closed slightly negative,Asian markets are also mixed.Singapore Nifty is plus 15 points.We might open flat to positive,the day is expected to be dull,which is the usual these days,wherein entire day nifty moves in 25 point band and we see action only after 2 pm.Today wont be different i feel.A close below 2659 today will see continuation of down trend.Nifty closed at 2622.Any technical bounce looks temporary,may not sustain for long.

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