All the factors indicate a negative opening today. With Nifty giving a close below its crucial support level of 4,050, we expect the weakness to continue. In light of the emerging global situation, with global crude oil prices and inflation showing no signs of cooling down, we advise investors to remain on the sidelines and stay cautious. No aggressive buying should be undertaken till there is some stability in the global markets.
(1) US Market, Crude
(2) Nuclear Deal
(3) Govt. support threat by opposition
(4) Inflation
(5) FII out flow (5$ bil this year) CRR & Repo rate Hike
(7) GLOBAL weakness in the stock market
(8) Growth slow down in the Reality sector
(9) Expected crude price (150$+)
(10) Rs.Vs.$
(11) Ahead election
(12) Profit booking / MF payout
(13) Investment profit booking
(14) Short Rollover in the F&O Segment
(15) F&O discount the July series
