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Downside seen to be over the next 3 mnth; Nifty range 3750-4750; Sep 18 Fed decision a key driver of market sentiment: K&A Securities

Friday, September 7, 2007

Sushil Kedia of K&A Securities said that the downside seen will be over the next 3 months and the Nifty range is 3750-4750. Sep 18 Fed decision is a key driver of market sentiment.

About market strategy, he said that he would reduce the exposure currently but is not prudent to go short. One can see dip to 4100 in the near-term and the support is at 4060-4110. About currency, he said that the Yen-Dollar rate is seen at 130/$ over the next 6 months.

Posted by FR at 8:55 PM  

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