Money Tree

The Asian markets have opened well in the green, US markets were up yesterday, we have some good positive global cues to open the day. Yesterday’s pull back is expected to continue today and the markets may open with a positive bias. IT sector is looking good particularly Satyam and Infosys. If your yesterday’s long positions are in profits, we recommend winding up of long positions before the end of today’s session as this may be a temporary pull back in a short term down trend.