Today, Indian Markets is expected to remain under pressure after inflation surged to 16-year high. Concerns have again re-surfaced that RBI may soon announce tightening measures in the near term. The dearth of any nearterm positive triggers coupled with lack of participation by FIIs would also keep the bulls on tenterhooks. For now, movement of crude oil prices and global markets would be closely watched.
For the day, we expect a cautious to weak start and a choppy day. A technical bounce back is not ruled out though after Thursday's steep losses. But, one should be careful in building fresh long positions.
For the day, we expect a cautious to weak start and a choppy day. A technical bounce back is not ruled out though after Thursday's steep losses. But, one should be careful in building fresh long positions.
