Stocks likely to trade in green : Khandwala

According to Khandwala Securities Market Preview report, local stocks are likely to trade in green, following cues from the global markets, but investors may lighten up long positions as domestic events - monsoon, inflation, parliament session will soon take centre stage.

Khandwala Securities Market Preview report:

• Its Friday again, that day of the week which keeps traders edgy about inflation numbers from CSO.
• Local stocks are likely to trade in green, following cues from the global markets, but investors may lighten up long positions as domestic events - monsoon, inflation, parliament session will soon take centre stage.
• Japanese economy expanded 3.3% in last quarter (Jan-Mar), faster than estimated, buyed by exports to Asia.
• US industrial production fell 0.7% in April as consumer slow down in cars and appliances forced corporates to cut production
  that reached lowest since Sep '05.
• Asian markets are trading mildly positive. Nikkei, Hang Seng, Kospi, Taiwan and STI are trading up 0.2%, 0.6%, 0.3%, 0.9% and
  0.9% respectively, while Shanghai down 0.1%.

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