We would like to desist from giving any intra-day trading ideas in light of the Satyam scam.While the BSE and NSE may have removed Satyam from their indices, the move will come into effect from Monday. So, weakness in Satyam will continue to weigh on the key indices and perhaps the overall sentiment of the market.
Global scene too continues to be precarious and fragile. There is no dearth of bad news, whether on economic front on corporate earnings. Given the kind of headwinds and uncertainty we are facing, it would be prudent to stay on the sidelines for a while and let the dust settle.
