Market Outlook: Indian Markets expected to open in positive terrain tracking global cues. There could be some more upmove from the current levels but low volumes remain a concern.The Nifty can go up to 3300 if it crosses 3100 convincingly. The market is likely to trend lower by the end of January mirroring the result season impact. Auto stocks under pressure on the back of lowering sales demand.
Nifty Outlook:R1-3060 R2-3088 R3-3136 S1-2984 S2-2936 S3-2908
Wall Street advances; Dow closes 108 pts up while Asian markets trading firm; Hang Seng up 1.5%
Friday, January 2, 2009
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