After the smart recovery on Tuesday, follow up buying will be very important for the markets to sustain these levels and move higher. For this to happen, the key parameter to watch out for will be the crude prices. If they remain under $100, the economic growth estimates will be achieved and markets will have limited downside from these levels. View forward will have to be of cautious optimism. Outlook does look bright and valuations are attractive, only crude can spoil the party.
No comments:
Post a Comment