Market Analysis – 2/02/09

Archana’s Analysis:  Market will open flat and follow down rally as negative global cues are coming in Market will trade in negative terrain with 400-500 pts down on sensex and 150-200pts down on nifty. Market will see heavy selling. Traders may buy on every dips. Reality and IT sector will more dips.  US and European market were down yesterday. Crude is in green i.e, $40.53/barrel.

Market will trade weak today in fact will worsen the condition. All negative vibes are coming in.

Market Closing (2^nd  Fen):

Sensex:   9066.70        -3.79%                                   

Nifty:       2766.65           -3.91%

 

Predictions for todays trading:

Market Opening ( 3^rd Feb):                    

Sensex:   9055                                    

Nifty:       2720

Market Closing ( 3^rd Feb):                     

Sensex:  8850                                     

Nifty:       2650

 

Today’s Stock Watch: Oil and Gas, IT stocks, Reality and Banking sector.