8:50 AM dt Jan 22, 2008
Its 8.50 am and our markets will open as usual but the global cues are again hinting towards another bear day. Yesterday I wrote about the cues being deep red and today also its not looking any better. The Indian markets have suffered heavy downslide yesterday. So can we believe that the market are also going to show similar results.
I thinks there is a bit change in the market today. Yesterday the sell off from FII lead to margin pressure on a already less liquid market. This has forced the margin traders to square off some positions to hold on others. Yesterday some investors have put in money seeing good stocks at huge discount. The change today is that the investors mood is moving towards buying some stock today. But finally buying depends on the cash available. It seem that if FII sell again then today also we may see some results similar.
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