The crisis in Mumbai is not yet done and we do beleive that it wouldtake some more time to end the drama that have taken place 36 hoursbefore.
US markets closed yesterday on account of THANKS GIVING , Eruopeanmarkets yesterday traded in green after positive movement by theGlobal markets . Crude is hovering around 53$.
On account of expiry we would see lot of volatility in Indian Marketsand with the bad news around the corner we may see markets to opendeep in red , the sentiment would be negative for some moredays.Tourism and Hotel industry to be affected and the stocks would beunder severe pressure in days to come
We advice members to short in morning if at all market trades butsqaure off with 2-5 % gains , we expect some recovery to come in thelater part of the day as the news of the hostage crisis and the storymay end . Inflation also came down with lower fuel and food prices ,There would be GDP announcement by RBI in the later afternoon whichwould also decide the fate of the markets
Overall we see higly volatile and more over confusing markets for theday
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