Weak market breadth will continue today

Thebullishtrends: Yesterday BSE sensex closed at 18663.16 points. Yesterday DOW Jones Index lost more than 370 points. Asian markets which were opened before the Indian marekts are trading in a weak note due to the U.S recession fears. But the strong domestic liquidity may break the down trend at any time during the trading hours. The major thing is Reliane Power has started to disurse the refunds, this may help to improve the liquidity in the secondary market but how far it will..that we have to wait and see.Analysts are expecting that U.S recession may not impact on Indian economy as Indian Economy is having strong fundamentals and it will be posted tremendous growth in the coming year as it is having geographical advantages. Till the liquidity improves Indian markets will trade in weak note. (Mr.V.Shivram-Equity Desk) (9.49Am 06/02/2008)