Thursday, February 24, 2011

Morning Market View 24th February, 2011


On the F & O expiry day, predictions of the impending economic survey and budget announcements on Friday and Monday and the surging crude prices will dominate trading direction and activity. Though sentiment is certainly weak, yet preparedness on the part of market participants in terms of huge purchases of out of money puts could prevent a major breakdown from happening. We advise investors to stay invested and use dips to buy more in a staggered way.

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