- Oct'08 is a month for quarterly results; most of the pessimism is already factored in the market so if results are not bad or worst, market is going to give a thumbs up.
- After lots of uncertainty in the market due to bailout package & FII selling, we feel FII will take a pause for the moment and will focus on the US financial re-structuring. So, when FII stops selling our markets are going to see upside again.
- No exposure should be taken in Option on friday, but on Monday one can take a Nifty Call Option of 4300 which is available around Rs 100.
-HBJ Capital Team
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