Daily Market Strategy:- Patience – do you have a choice - TopicsExpress

Daily Market Strategy:- Patience – do you have a choice now! Even anything and everything around us in distress the Finance minister has called for patience adding that the currency was ‘under‐valued.’ The rupee, which fell to 66.30 against the dollar will remain in focus even as geo‐political issues rock the world markets. The war of words regarding Syria could result in some action as early as Thursday. The usual worries that the Food Security Bill would further inflate the fiscal deficit was brushed aside by the FM who was confident that the fiscal deficit of 4.8% of GDP and the absolute number indicated in the Budget is a red line and the red line will not be breached. The outlook is a weak start again. The Nifty has neither technical nor psychological levels these days as they all get breached with relative ease. The F&O expiry could cause some swings in certain counters and in turn impact the index. The times are such that quality stocks which have survived so far may be beaten down now. slinvestments.in

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