Dalal street has good chance of bouncing back today

Global Markets
The global ques are looking very good this morning, US markets closed in green, Asian are also trading in green.
Dow closed up +110.78 or +1.03%,Nasdaq also closed in green up +13.53 or +0.65%, This morning, Hang Seng is up +1.17%,Taiwan Index is marginally down -0.16% and Nikkei is up +1.21%.
Indian Market
We could expect Indian stock market to open in a positive mood with this global "Q" , we should just hope that there is support at higher levels, since we have been seeing selling at higher levels each time.


All Indian ADR's closed in green except Patni:

Technology :
WIPRO LTD.    10.78    0.43    4.15%
INFOSYS TECHN ADS    65.98    0.27    0.41%
PATNI COMPUTER SY    13.94    -0.22    -1.55%
SATYAM COMPUTER S    29.15    0.3    1.04%

Banking ADRs:
HDFC BANK LTD    45.74    1.19    2.67%
ICICI BK LTD ADS    23.03    0.53    2.36%

Others:
DR. REDDY'S LAB L    25.54    0.54    2.16%
VIDESH SANCHAR NE    14.07    0.56    4.15%
TATA MOTORS INC    15.29    0.38    2.55%
MAHANAGAR TEL ADS    6.34    0.04    0.63%


Global Indices:

America
DOW JONES INDUSTR    10816.92    110.78    1.03%
NASDAQ COMPOSITE    2086    13.53    0.65%
IBOVESPA SAO PAUL    32941.461    93.85    0.29%
IPC    16802.1    148.949    0.89%


Europe
FTSE 100    5506.8    -12.8    -0.23%

Asia

China
HANG SENG INDEX    15425.68    177.76    1.17%
SSE Composite Ind    1541.323    9.996    0.65%

Japan
NIKKEI 225    14482    172.44    1.21%

Taiwan
TSEC weighted ind    6458.92    -10.09    -0.16%

Jakartha
Composite Index    1255.176    20.978    1.70%



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