1. There has been a slowdown in the economy partially due to inflation and partially due to US subprime crisis and thus the rupee will continue to be under pressure. As a result the market is likely to be rangebound for the next month with a negative bias or to tht effect one can say that the downtrend in the market will continue, as there is no signal of a bottom on the technical charts. One can read a detailed analysis of stock market here.
2. The sentiment in the market is still negative and the charts also look weak and thus it is advisable to stay in cash and avoid investing for the time being as more downside may be in offing in coming week. Coming week will be very difficult to trade due to weak national and global conditions.
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Warning Bells: Indian stock market update
