OUTLOOK FOR OCTOBER 8

Considering the unprecedented carnage in the global

financial markets and uncertainty over the fate of the US

and other major economies, we would like to refrain from

giving any intra-day trading ideas. We continue to advise

caution at this stage.


Investors should stay on the sidelines till the global sell

off abates and markets stabilise. One should not get carried

away if there is any kind of a relief rally, as further selling is

expected. Any advance in Indian stocks can only be sustained

if global markets recover.