Morning update Fri, 31stOct:

Morning update Fri, 31stOct:

The huge rallies of Asians on Thursday coupled with +ve close of Dow influenced the chances for a ‘gap-up’ open in Indian markets. However it seems difficult to retain these gains for today’s trade and Nifty may weaken even after gap-up open. The oncoming days till Wed indicate some volatile movements in either side and it’s better to wait for positional moves.
The intra-day traders may try some shorts at ‘gap-up’ open.