Hi viewers
As we expected, Indian market opened with a gap down in view of global scenario and red Asian markets. Earlier the US markets on Friday ended in red. This was a sentimental fall and earlier US markets fell because of Egypt crisis and this lead to a panic situation in Asian and Indian markets too.
But as expected, Indian markets recovered to a large extent and Sensex ended about 68 points down and Nifty around 6 points down. This indicates that Indian markets are fundamentally strong but had a fall in view of global negative feedback.
At this stage, it is difficult to predict the further trend of market but it may remain negative for two three days more and once Egypt crisis will be over, there are chances that Indian market may show some pull back rally.
It is a phase of volatile trading activity and small retail investors should wait for some more time to get buying opportunity. At the same time , to remain stock specific is the best strategy and invest in small increments in good stocks.
Good Luck
Lalit Kumar
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