Market Comments - Bulls in Control

Markets were down on opening yesterday but as expected there was a rush to cover the shorts by bears as market started recovering slowly. This was the reason market closed in positive when the entire world was negative.

US cues were excellent and so our markets will have an excellent opening and so we should see an opening of 200 plus and then it again depends on the positions as the F & O expiry happens today. I expect the market to close around 4400 today.

Punters favorite stocks and Speculative stocks like Jai Corp, Teledata, Goldstone Tele, Nagarjuna Fertilisers will be on fire.

IDBI is another banking stock which will be on fire and it also has similar story like SBI.

US Markets are yet to become stable so we may hae an odd bad day if the global cues turn weak again. However ignore sensex and do value shopping. Those who are going for intraday or short term gains need to be careful and make quick buys and exits.