Amidst high volatility in the Asian markets, the Indian markets too saw a similar session and finally sensex closed down by 79 points 14,578 levels. Nifty lost 18 points to close at 4,359 levels. Analyst consider this as bear market rally and are suggesting to exit positions at higher levels. The Asian markets had cracked towards the end of the session which resulted in a small decline in the Indian markets too.

Meanwhile the US markets had closed in red yesterday, also losing marginally. Dow and Nasdaq lost 0.37% and 1.1% respectively. The crude oil prices dropped by $4/barrel and touched $120 levels. The Asian markets are trading mixed today with Nikkei-225 up by 0.27% and Hang Seng down by 1.76%. So we can expect a mix trading session today with sideways movement.

The intra day trading tips given out yesterday did well again with some handsome gains in intra day basis. Some intra day calls for today include: Essar Oil(cmp 232),Prakash industries(cmp 171),Ranbaxy(cmp 524), Torrent Power(cmp 111), Punj Lloyd(cmp 283), Selan(cmp 319),GSS America(cmp 277), Welspun Gujurat(cmp 351).

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