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Sunday, November 28, 2010

Mkt may hit 5400-5500 in worst case

The worst is not yet over to the indian stock market.............


There would certainly be quite a few bouts of volatility based on what is happening in Europe as I don’t think the Europe problem is solved. The risk appetite continues to not be very high given the fact that Ireland is just about to get solved. Then you have Portugal and you have a larger economy like Spain which is also in trouble. So the newsflow from Europe is likely to be quite bad.

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