Election a key trigger for India over near-term: Raamdeo
March 30th, 2009
Raamdeo Agrawal, Motilal Oswal Securities: The global rally in equities over the last two weeks has come with good volumes and FII participation. But this is not the beginning of a structural bull market. Q4 results will be challenging and the election is a key trigger for India over near-term.
Tushar Mahajan, Edelweiss Securities: The market may see some profit booking after a huge rally. The Nifty is likely to face resistance at 3150 and support is seen at 2800 level. The Put-Call ratio has been going up with investors buying puts to hedge cash positions. Metals, oil & gas look most vulnerable to profit booking.