Market Analysis – 18/2/09

Archana’s Analysis:  Market will open flat or will see gap down opening. Well, all negative global cues are coming in and Market will trade in negative terrain with 400-500 pts down on sensex and 60-100pts down on nifty. Market will see heavy selling. Traders may buy on every dips. Reality and IT sector will see more dips.  US and European market closed in red yesterday. Market will trade weak today in fact will worsen the condition. All negative vibes are coming in.

Market Closing (17^th  Fen):

Sensex:   9035.00        -2.91%                                   

Nifty:       2770.0            -2.82%

 

Predictions for todays trading:

Market Opening ( 18^th  Feb):                 

Sensex:  8900                                     

Nifty:       2680

Market Closing (18^th Feb):                    

Sensex:  8850                                     

Nifty:       2650

 

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