Mkts to be +ve today but some consolidation seen globally
April 2nd, 2009
Tuesday was the day of positive consolidation after the scare that the market got couple of days back. Yesterday, the market sort of came back and managed to hold 3,000 Nifty and closed above that.
This morning too cues don’t seem to be bad, the market will be above 3,000 and probably just hold a positive day.
But globally it is a pause kind of a mode after the turbulence of the last one week, the big rally, then the one big day of a crash and then the markets are slowly coming back to life.
So, increasingly it is looking like it could be another couple of days of consolidation globally.
Thus, one must not expect huge excitement today, but at least the morning should be positive.