Saturday, October 31, 2009

Possibility of circuit?

If I say there would be a circuit down on sensex coming, this may be exagurated, but I wont be surprised if there is a panic on Tuesday 3rd November for indian markets. On Friday sensex failed to sustain the initial gap up because of US rise on Thursday. Intrestingly Dow itself made faster retracement by falling 250 odd points against thursday's rise of 200. It shows that there may be more fall coming on US market on Monday. Also there is CIT bankruptcy looming on US market. This may cause dow to fall on monday, so there is every possibility of big gap down on tuesday in India.

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