The Asians opened +ve with the dow induced influences, stimulus, bailout plans. However, they are losing their morning gains as trade progresses. Expect a flat open for Indian markets and the traders who had initiated shorts / PE should use TSL. The intra-day traders may initiate shorts on bounce to cover EOD.
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DISCLAIMER:
Investment in stock markets is very risky(so it is always better to advise others than trading own). Any analysis is not 100% accurate and for best results, always check charts (?) before investing or trading. No responsibility is assumed for any adverse consequence resulting out of acting on them. Lastly, the blogger may have positions (opposite too) in the trades mentioned in this blog.
