Monday 13 August 2007

Religare predicts volatility

Religare predicts volatility to stay in mkts, Investors should use the fall to start buying in select stocks

Religare predicts volatility to stay on for a while longer. Investors should use the fall to start buying in select stocks. Market volatility to linger around for some more time.

Some more downside can be seen from the current levels. Investors could use sharp falls to start buying in Tranches. Sectors Like IT, Auto may provide contrarian opportunities. Markets could dip further in case of more negative newsflow.

Protracted uncertainty could be hazardous for the markets and expects that threat to liquidity will not be very likely at this point. Tech stocks might gain up if rupee bounces back sharply.