Today, In India, the bulls may yet again get caught in the whirlwind of the constant news flow emerging from the global markets, especially the US. We expect a cautious start amid anxiety and uncertainty over the US situation. However, given the intensity of the fall on Tuesday, a bounce-back is always on the cards. To add to the volatility, the sun outage (and the protracted session) will commence from today. We also have to contend with the F&O expiry tomorrow., traders could get some reprieve after a key Senate Committee passed the Indo-US civilian nuclear deal with a landslide majority. Even, crude oil prices have slid in overnight trading. Inflation numbers will be announced on Thursday and in the next couple of weeks the latest earnings announcements. Overall, the market is likely to remain choppy and will trade in a range of a few hundred points (NSE Nifty). We would advise investors to stick to basics and catch the falling stars for brighter times ahead.
Nifty could attempt a bounce back today.
