Market outlook, trading strategy and free intraday tips for 09.02.2010 WWW.ASHOKSHARMA.CO.CC
Published on Tuesday, February 9th, 2010 at 7:51 AMAuthor: ASHOK SHARMA (533 Articles)
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Market will open weak today. It is expected to be range bound and stock specific. Indian market is outperforming the global markets last 2 days in spite of heavy selling by FIIs. This reflects that the market is slowly moving into the pre budget rally. But the world market has to support the Indian rally. Stay alert and focus on the mid cap.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 4840-4935.
• US & European markets closed negative.
• Asian market opened mixed.
• SGX nifty down 4 points.
• Dollar index is at 80.31.
• Gold and crude are also down marginally.
• London future down 39 points.
• Dow future up 35 points at 7.45 AM
Stock pick of the day: JUBILANT FOODWORKS
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