Indian market is still witnessing heavy volatility. For the first time
in last seven years the market ended in red during mahurat trading.
The direction of market henceforth will be driven by global markets.
Global markets specifically dow and nasdaq have ended on a lower side
indicating furthur downside on monday. Furthur downside is expected in
USA markets next on account of pending home sales index on tuesday and
october retail sales on wednesday.
Indian economy is strong at macro level and there are no problems with fundamentals.
Rising crude oil prices are a cause of concern.
The outcome of 16 November UPA-Left meet on nuclear deal is also critical.
Recommendations
Ashapura Mine @ 375 . One year Target 580.
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