Market Forecast:"Trend will depends on US Fed rate cut"

Thebullishtrends: It seems to be credit worries will not leave the markets. Indian Stock Markets will have long time holidays on Thursday markets will close due to Id-E-Milad(21st March'08) and Friday on the account of Good Friday(21st March'08), so the trading will be limited to only 3 trading sessions only. US Federal may cut the rate by 75 basis points on it's meeting on 18th March'08. If it happens International Markets will be on uptrend. The UPA comittee for Indo-US neuclear deal will meet on 17th March'08 to finalise the controversial agreement. Finance Minister announced that RBI will not reduce the interest rates, as the RBI is standing on it since one year which may leads the higher inflation, and rising in curde oil prices is also one of the important point at this time.