Money Tree

The US markets closed almost flat yesterday and Asian markets have opened deep in the red today may be due to weakning Yen against dollor with NIKKEI down about 416 points and Heng Seng down about 420 points (almost 2 percent). We rallied yesterday with IT and metal stocks leading and today we expect a gap down opening in line with asian markets and the crack may go deeper if more shorts are build up during the day. NIFTY has a strong support at 3970 and if breached it may fall down to 3930.