Wait and watch , do not enter into any buying position.We need to see if 6040 level as 6050 in Nifty is taken out.Rupee should go over 62.50 for the markets to make a turn. If 6040 is taken out we may see 6030 to 6024 level however if rupee does a strong recovery then it will make the rate sensitives go up.The expiry can happen around 6100 level or slightly below it.
The Hang Seng index is now resting presumably for Lunch break and we should see it returning soon in to two digit levels. If this happens we should see some recovery in our stocks too.We are in a better position in comparison to other submerging economy's hence we can safely assume this is the worst we can see.
The Hang Seng index is now resting presumably for Lunch break and we should see it returning soon in to two digit levels. If this happens we should see some recovery in our stocks too.We are in a better position in comparison to other submerging economy's hence we can safely assume this is the worst we can see.