Tuesday, January 6, 2009

Indian market are expected to start firm in the opening trade and manage above the psychological 10K-mark. The weakness in overseas markets may add to the negative sentiments, which may lead to profit booking actions in the later noon. Selective momentum stocks are expected to take part in the market backed by better than expected earning starting this mid week.

The overall rally is unlikely to continue beyond the middle of this week as there are concerns that major cos could disappoint on reported earnings, which could trigger a reversal in the recent runup.


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