GLOBAL MARKETS ARE IN GREEN AFTER USB AND DEUTSCH BANK WRITEDOWN NEWS AND Wall Street got another boost when the Institute for Supply Management said its March index of national manufacturing activity rose to a reading of 48.6 -- indicating a contraction, but a slower one than in February and tamer than many analysts had predicted. Government data on construction spending for February also came in better than expected.
INDIAN MARKET WOULD EXPECT TO OPEN IN GAP UP.
LEVEL OF NIFTY 4800-4850-4910-5050.IF MARKET SUSTAIN ABOVE 4950 THEN WE CAN EXPECT LONG WITH SL 4850 .
SECTOR TO BE WATCHED OUT OIL&GAS AND FMCG.
TOTAL MARKET OI IS 52K CR
PUTCALL RATIO IS 1.25%.
HAVE A NICE TRADING DAY....
-MR.SAM
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