Infosys results and guidance and August IIP data would dominate proceedings in today's trade. Market momentum though seems to be strong and if there are no major negative surprises we seem set to move higher in the near term. Medium term trend still seems down in view of the enormous problems in the western economies and domestic policy paralysis. Remain invested and use upsides to trim exposure or hedge your portfolios. Wait for fresh break downs before resuming fresh buying.
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