Uptrend should resume in few weeks: AMP Capital

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Here is expert equity call for the day on how the markets are expected to trade:

Shane Oliver, AMP Capital: The markets had run up very quickly and now a sell on news trade is playing out across the globe. The overall uptrend is still intact and should resume in a few weeks as there is a lot of cash on the sidelines. We would be buyers into the weakness in India over the next few weeks.