Today the US markets have closed low on the inability of Lehman brothers to prove financial soundness .... and with Lehman losing around 40 percent of the value the US indices (S&P , Dow) closed in the range of -2.3 to -3.0. This will surely have effect on Indian markets. So I see the market opening with a negative gap.
In derivative segment "the calls" will be initially hit so the days low will be in first 3 hrs of trading but by end of the day the calls will recover a bit , ending on with a negative %ge change ..
Puts will rise initially and then come down a little but closing with a good positive %ge change.
In the long term Indian market doesn't seem that bad in outlook . Inflation pressure easing, natural disasters over, oil remaining around 100$ per barrel.
My other friends are also requested to post their takes ...so that we can gain from their insight and we all can help each other be a better investor and trader....amen
In derivative segment "the calls" will be initially hit so the days low will be in first 3 hrs of trading but by end of the day the calls will recover a bit , ending on with a negative %ge change ..
Puts will rise initially and then come down a little but closing with a good positive %ge change.
In the long term Indian market doesn't seem that bad in outlook . Inflation pressure easing, natural disasters over, oil remaining around 100$ per barrel.
My other friends are also requested to post their takes ...so that we can gain from their insight and we all can help each other be a better investor and trader....amen