Market Today: 5^thSep.

Indian markets are likely to open in red and trade the whole day in red today and close in red. Opening in red is almost sure due to the following negative factors contibuted mainly by very weak negative global cues. American markets are beaten out badly and so is the closing of European markets. Crude is at a standstill though many are expecting it to go below 100$ soon. According to me, our markets will open about 60-80 points down in Nifty and is likely to close in at around 120-140 points down in Nifty. Despite being Teachers Day today, it will be atleast a bad day for the markets.

Inflation has come to 12.34% yesterday which wont have any major effect on todays market. Short covering at the end of the day is quite possible and look out for it. It will also take some cues from opening of European markets today.

Total turnover traded in markets stood at Rs 64659.23 crore. This includes Rs 12,896.74 crore from NSE Cash segment, Rs 46,290.50 crore from NSE F&O and rest Rs 5,471.99 crore from BSE Cash segment. Market breadth ended slightly weak. About 1459 shares have advanced while 1422 shares declined. Nearly 294 shares remained unchanged.

FII's were net buyers by a huge margin yesterday which again comes by surprise, Watch out for FII's trading today, if they continue to buy then prepare for a comeback.

Reporting Date Debt/Equity Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores) Net Investment US($) million

04-SEP-2008 Equity 2844.10 1506.70 1337.40 331.50

Debt 459.30 475.80 (16.50) (4.10)

Advice to intraday investors is to trade carefully today.Anyways beware of the bulls or bears traps today. Beware to move with markets cause any negative sentiments may pull down the markets more today towards the closing session. Watch out for any short covering if seen in the later hours of trade and then do accordingly. Trade wisely and earn well today.

Market Today: 5thSep.

Market Today: 5^thSep.