News & Scams to remain main issues for this week & markets are likely to be driven by these two issues. There would be no clear direction as not much economics have been affected by any of these. May be towards end of the week markets will try to focus on economic issues till then its a bumpy ride. Liquidity is tight & TrendCalls Team had been very vocal in their stance towards inflation. So in our view suction of the liquidity was the right step taken by RBI. Now ? arises is, whats next? Still buffer Government spending has been parked with RBI & as soon as Government opens its coffers liquidity will be back. Postponing FPO's too, can indirectly let the liquidity flow into the secondary market. But will this liquidity be able to help equity markets or will this trend become sell on rallies. The answer to this lies in some days to come & In TrendCalls Team view markets can go in sideways mode for months to come so that we consolidate & digest the gains we had till now.
Views Given By TrendCalls Team View
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