Thursday, November 24, 2011

What to do for the day?

Positive news for the day - The Asian markets have erased the early losses.,HangSeng in the Green now.Nikkei trading off the lows.Dow is closed for the day(Thanksgiving holiday).

Negative news for the day- FNO expiry,Inflation data,No policy measures from the Govt., as the parliament is not allowed to function by the opposition.RBI's desperate attempts to arrest the fall of Rupee seems not to work(Rupee opens at 52.36).Heard from the FII circle that an ETF fund on Indian Markets is exiting India and they are the ones who sold heavily yesterday.
UK retail sales is expected to be lower.

My advise is to stay on the sidelines for the day.