Today,looks like we are set for another bad day, given the excess of negative factors from the US financial system. Indian market could well see a meltdown, after key indices closed below their crucial support levels. Crude prices have softened further. However, no positive impact is likely because the interpretation now is that falling crude prices mean lack of demand, which in turn indicates an economic slowdown.
We recommend staying away from the market for some time. Intermittent bounces are a given in these conditions. Those are just opportunities to lighten existing positions.
We recommend staying away from the market for some time. Intermittent bounces are a given in these conditions. Those are just opportunities to lighten existing positions.
