It was a very highly volatile trading session today in the Indian Share Markets. Even though the global cues looked positive in the morning with Asian markets trading higher and a positive closing in US markets yesterday. Sensex and nifty managed to open higher in the morning.

In the early trades Sensex gained nearly 115 points but very soon all the gains were lost after some profit booking took place.The realty stocks started doing well in the morning like DLF,Parsvnath,Unitech rised in early trade. Sensex managed to close at 8747 levels gaining just 8 points and nifty closed merely 2 points down.
Some gainors included  Tata Steel,Jaiprakash Associate,Maruti,SBI and DLF.The IT stocks took a hit and some of the counters like Infy,Wipro closed down.Sme of the intraday calls given like PNB was up by 5%,Reliance Infra was up by 5.4% in intra day trading.NTPC and Hindustan Petroleum closed flat as there was no much movement in the market to support the stocks.Look for getting into JP Associates in the range of 56 to 60 levels and a stop loss of Rs 53 and a target of RS 68.
The financial conditions may take a hit in the coming days with JP Morgan saying that Q4 will be tough times for Goldman Sachs,Morgan STanley. Already auto companies like Ford and GM are struggling in these days.SO we need to get prepared for tougher times in the coming days.

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