The markets are one more baby step towards the de-coupling that we’ve been talking about; not reacting on a one to one basis with the US news flow. So, from that point of view, its heartening to see that we didn’t crumble today but for the last one month we have been sort off tuned into this subprime channel so intensely that our market has been ignoring both the positives as well as perhaps some concerns within our own market. So for the time being, I think we are still coming out of that sub prime mentality. But on our own, we are looking good. The latest numbers are quite good on the economy front as well as the corporate results. We are in a reasonably healthy market both in terms of the valuation and the investor sentiment etc; so far so good.
Possibly the markets would be in the region of 14,500 to 15,500. But now, the way it is going, it is actually consolidating with a positive bias. So it is possible the way the markets are going; we could soon cross those 15,700-15,800 levels without really making too much of noise.
Nifty Prediction : Nifty has a support at 4505 and 4448 .Market tomorrow may touch 4500.
Market is toward making new high.
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