Markets are awaiting the employment numbers for July. These are expected to be out on friday (Aug 7th). So, US markets are in red. Most feel that this is not the end of the rally. The markets are junst in wait-n-watch mode. Things will get back to bullish ways once everyone is assured that the recession is ending.
Indian markets may open down today as well, but do not short till the end as market end may depend on how European markets open. And this in turn depends on the ECB and BoE interest rate decisions.
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