Published on Wed, Sep 05, 2007 at 09:00 | Source : Moneycontrol.com
Updated at Wed, Sep 05, 2007 at 09:09
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Expect a gap up opening: P-Sec
According to P-Sec Market Preview report, strong cues from the US market will ensure a gap up opening on the domestic bourses, however we maintain a sell on rise bias.
According to P-Sec Market Preview report, strong cues from the US market will ensure a gap up opening on the domestic bourses, however we maintain a sell on rise bias.
P-Sec Market Preview report:
The markets seem to be consolidating at current levels with marginally positive bias; however it looks overbought with eight consecutive sessions of rise. Strong cues from the US market will ensure a gap up opening on the domestic bourses, however we maintain a sell on rise bias.
The consensus seems to be expecting a rate cut in the next fed meet and anything to the contrary would see a severe backlash on the bourses.
