Morning Update

Finally markets are set to break out of the trading range. Backed mainly by the Q3 announcement and also some revision in oil prices, the much awaited break out are set to happen. This what we were anticipating for the past couple of weeks while recommending long positions and  stock specific buying on dips. While this rally is likely to last for some more time, it may be prudent to be cautious and keep booking profits gradually on incremental gains from here.