Happy Diwali and hope the festivities continue on the bourses. For the moment things look fine and there is no harm in rejoicing at the gains. You could in fact celebrate more if you book some gains. Given the strong sentiment on muhurat trading followed by the fireworks in global markets, we see a strong start to the day.
The F&O expiry today will provide the avoidable swings. Settlement for trades done on Stocks bought on October 27 and October 28, 2008 will be done on October 31, 2008. Keep your position light. Avoid any fresh buying for the day unless you want to pick up our recommended stocks for the long term. Thursday being a holiday, you never know how global markets shape up as we open on Friday morning.
