Forthcoming fuel price hike and weak global cues are likely to put pressure on the markets today. Also with the IIP data coming out today and election results to be announced tomorrow, investors are likely to remain cautious. Important corporate results coming out in the next few days will be keenly observed for determining the near term trend. We retain our view that markets are likely to slip more in the near term and investors should wait patiently for taking advantage of great buying opportunities coming ahead.
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