Pri-Market Commentary!

Today, we expect the volatility to continue in the near term and every rise should be use as an opportunity to exit from the weak counters.Just when one thought the market would be supported by the Fed’s policy to lend treasury securities and the much anticipated 50-75bps cut, one bad event spoiled the party for Indian equities. The market continued to lose ground on poor IIP numbers and breached January lows, which is an extremely weak sign on the charts.