Pre Open Thoughts: Safety in Numbers?
Ø Anyone who thinks there's safety in numbers hasn't looked at the stock market pages. Starting today the election results will determine how the reform process will shape up over the next 2 years if indeed election results come out as the exit polls are suggesting The impact would be about just for about half a day. Most of it is pricing in at this point of time.
Ø The market would heave a sigh of relief once the election event is out of the way. Movement of crude as well as the liquidity crunch that we have in the banking system which is more relevant are several other macro factors which would play in. And then rounding up with budget on 16th of March which will determine how investors will look at India.
Ø In a nutshell, the market will largely remain volatile without any clear bias. Investors ought to focus on stock centric action as the main indices are not going anywhere in a hurry.
Ø According to system the near term outlook is uncertain with a range bound trade likely between 5300 and 5600.
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