It is now a foregone conclusion that the nifty might open lower and we may see lower moves before it rebounds and come up again.The Nifty is now tracking the global markets especially the other Asian and the S & P to a large extent.The Rupee is to be kept in constant focus and this would have a direct bearing on the sensitives. The silver lining in the dark clouds are that the FII's have been buying for the month and has done so constantly .What they would do today and how the US markets would react on the Chinese PMI news would need us to wait and see, the DIJA futures are down 45 points, how the asian markets will close, and what Europe has in store later in the day.The general sentiment is now negative, and hope it does not trigger fresh bout of selling any time soon.
The best is to wait and see where the nifty settles and also work on the individual stocks on their strengths.The get into a buying more cautiously.The closing still can be above 6150 nifty spot levels even though we have three days trading left.
The best is to wait and see where the nifty settles and also work on the individual stocks on their strengths.The get into a buying more cautiously.The closing still can be above 6150 nifty spot levels even though we have three days trading left.