Daily Call - Oct 1 2008

After producing the worst point fall in history on Monday, Dow again dived into the record books on Tuesday to produce the third highest point rise ever recorded. The rebound has run its course and to move the US markets or our Indian markets from here, it will need some action on the ground. The fact that our markets would be closed for Gandhi Jayanti and Id tomorrow, punters may like to take their profits.


The regulators in India were on full alert on Tuesday, and rightly so, to stem the rot in the aftermath of US slide. This propelled our banks further. With the result season now just a few days away, stocks will cease to move as a class and may begin to move on Individual results. Take your profits early in the day and postpone any shopping plans.