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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.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
