gopalakrishna

According to Anagrams Market report, the world markets continue to be battered by failing banks and deteriorating financials. We could see Nifty opening lower at around 4250.

Anagrams Market report:

The markets didn�t go anywhere yesterday despite better than expected results from two of the Sensex constituents HDFC Bank and L&T. Those Call and Put writers juggled their Nifty balls perfectly well to keep the benchmark anchored within a range of 70 points. Punters prefer to lie low ahead of key policy meetings like the one we have today, where the ever energetic Dr. Reddy will probably preside over his last such scheduled meet before he hands over reins to a hand picked SP man, unless Dr. Singh gives an extension to the chubby central banker.

The world markets continue to be battered by failing banks and deteriorating financials. We could see Nifty opening lower at around 4250. A 50% retracement of the gains in the Nifty makes 4164 as the next support. Banks could fall some more in early trade.

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