Today, we see a cautious to slightly positive opening due to mixed global cues and stable oil prices. At the same time be prepared to everyday to wake up to lot more global happenings which could impact us. We missed joining in the global rally. Relax, there is no point expecting some fast gains. A smart opening may be in the offing. Use the same to book some profit. We see the indices settling lower from their opening levels. Settlement for stocks bought on October 27 and October 28, 2008 will be done today.
Given the market conditions, do not go overboard at such signs. Fresh, sustained buying is needed to push the market further near earlier highs. we would continue to advise caution, as the trend will remain uncertain and the key indices will continue to be rangebound.
