According to Khandwala Securities Market Preview report, expect the market to remain volatile for the day following the mixed global sentiments due to recession and inflation worries.

Khandwala Securities Market Preview report:

Strategy for the Day:

We expect the market to remain volatile for the day following the mixed global sentiments due to recession and inflation worries.

Asian indices are trading mix, currently Nikkei is trading in green zone with a gain of 0.4% but Hang Seng is into deep red with a loss of 3.5%.

Gold seems to be overcorrected in last week due to ease in concerns of recession; we expect it to rebound after this temporary relief in global

slowdown. Crude also fell from its high as market expected US consumption to curtail due to slowdown.

Wednesday Indian markets witnessed high volatility; Sensex and Nifty opened with huge positive gap and slipped down throughout the day, they ended with a gain of 161-pts and 41-pts respectively.

At BSE the breadth was negative as 758 shares advanced against declines of 1923 shares, Midcap and Smallcap index ended with a loss of 1.2% and 1.9% respectively. 

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