Vikas Khemani, Edelweiss Securities has expressed his candid views on state of the market and has given his free and frank opinion on Indian stock market and problems plaguing the Indian economy and politics being made in FDI retail. His views on the subject are as appended below:
Do visit the website again to get the free stock tips and Nifty analysis which gets you profit every day in the market.An oversold market can always overstretch. You will never know that. It will be depending on how the flows come, how the market participants react to it. Domestically speaking, we have a lot of problems coming up in terms of FDI in retail. Markets are eagerly waiting for government’s action towards changing the situation locally we have developed. As far as the Indian markets are concerned, now the problem is a lot more domestic than only global. As far as India is concerned, we will have to see what action takes place here for it to sustain. Currently, we haven’t seen anything happening on that. This is an oversold relief rally. I would not see too much from here on in terms of sustaining it, unless we see some actions here.
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