Tuesday, July 22, 2008

Pri Market Commentary ...

Today, the market could start off slightly lower. After that the trend is likely to be volatile and rangebound, as most players will stay cautious before the trust vote. The debate on the confidence motion will continue and the vote is unlikely before the close of trading. Uncertainty over the trust vote will keep most players nervous. So, it is difficult to predict a clear direction today. The market's reaction to the outcome of the trust vote will be known only tomorrow.

As we yesterday said,
at such time ...
"Don't Focus on making money;
focus on protecting what you have."
we expect the market to be volatile and rangebound.Against this backdrop, we advise caution. One should not indulge in aggressive buying.

Trade Safe

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