Money Tree

Yesterday our markets shed all the gains of the morning which was not expected whereas the asian markets closed well in the green. Our markets performed against the global trend yesterday which is a negative sign. The global markets are almost flat today, with no significant cues for our markets. We expect that the yesterday’s trend will continue to close the week and the markets should remain in a negative territory today. It seems that our markets are slated to correct to still lower levels from here.