Outlook: - Markets slipped for fourth day in row and closed in - TopicsExpress

Outlook: - Markets slipped for fourth day in row and closed in red, also shedding ~1% WoW. - Early Asia trades with gains on expectation that FED will maintain its stimulus well past the calendar year. - A host of determinants like - RBI policy review (29th), FOMC policy meet (30th), Fiscal deficit nos (31st) and an impending F&O expiry (31st) along with some blue-chip cos. doling out quarterly nos. will keep the action quotient high. - Nifty to open with gains in-line with Asian peers, though we expect nervousness to catch-up. - Momentum indicators have started showing some signs of weakness and a decisive break of the range (6050 – 6250) will determine the future course of action. - Our bias is a bit negative in the short term. News: - As per media reports SourceHOV, a JV between Citigroup Venture Capital International and HOV Services has appointed investment bank Morgan Stanley for a sale. bit.ly/1gU7QGp

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