Today, we expect a cautious to flat opening given the reversals in global markets and skepticism over the string of bailout plans. We also have to factor in the substantial weakness in the domestic economic fundamentals and a slowdown in the earnings growth momentum. Also, experts are not sure whether world stock markets hit a bottom last week, and if the global economy can avert a recession.
Stay cautious and not get carried away by any sort of a rally like on Monday. Moreover, do not get lost in the maze of ‘expert views’ and daily movements in the markets. Stick to basics and take your call based on your own risk appetite, long-term goals and of course purchasing power. To put it simply, if you have the money and the time to wait, go ahead and purchase at lower levels.
Stay cautious and not get carried away by any sort of a rally like on Monday. Moreover, do not get lost in the maze of ‘expert views’ and daily movements in the markets. Stick to basics and take your call based on your own risk appetite, long-term goals and of course purchasing power. To put it simply, if you have the money and the time to wait, go ahead and purchase at lower levels.
