The intra-day volatility is very high at present in the market. This is due to the absence of some clear market direction at this moment.
The medium to long-term outlook seems to be brighter now as the election verdict came for a more stable government that can take the reform process further ahead.
The derivative expiry in the coming week would also add to the volatility in the market.
Some important economic data will also play an important role in this regard. The market will wait for the full FY09 and Q4FY09 GDP numbers on the last day of the coming week.
Overall, the outlook remains cautious for the coming week with both sided movement. But still market is above its crucial support of 13600, so we would suggest stay long until Sensex don’t breaches 13600 mark.
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