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12 September, 2008

weakness further? ! ?

Yesterday markets traded downward and closed nifty at 4291. Means the markets came out of trading zone and took downward direction. FII data, nifty open interest, and many heavy weights were all - ve. Commodities and Crude prices were down. But the factors Dow and Asian markets were +ve at present.  Except this, every thing is - ve.  Hence, though our markets open +ve now, there is a chance that Markets may come down even in the next week.  One may hold puts or enter them once again at higher levels. Bulls zone is nifty 4400 and above. Note: US markets +vity can not be sustained though  DOW closes above 12000.

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