Today, we expect another weak opening in the face of the sharp cuts across global markets. Lower level buying may set it in. Given Infosys’ results on Friday and other global developments which one has to contend with, it is prudent to avoid carrying any positions.
The war between the bulls and the bears seems to be one-sided for long. Nine nights of Navratri is set to culminate but there are no signs of survival, forget victory for the bulls. Indian financial markets are closed tomorrow on account of Vijaydashami, also known as Dussehra. It is considered an auspicious day to begin new ventures in life. Given the suffering most market players have undergone, one can only pray that things get better on a personal level. Conquer your fear and avoid the temptation of overcoming your losses in a hurry.
