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.