Mkt may retest lows, don’t buy now: Andrew Holland
March 27th, 2009
Andrew Holland, Chief Executive Officer—Institutional Equities and Equity Proprietary Trading, Ambit Capital Pvt Ltd feels that the global markets are close to a bottom and advices not to buy in such a rally. “The risks on downside continue and the markets may retest lows,” opined Holland. He further added that the recent rally has been more forceful. Though optimistic about a sharp pull back, he is still bullish in the long run. On Ambit Capital’s view on investment in India, Holland was quick to say that India will remain off investors’ radar for most of 2009. “India remains a 2010 story and not 2009 due to elections,” he said.