HomeNewsBusinessMarketsDon't be bullish, mkt may face more pressure: Fortune Fin

Don't be bullish, mkt may face more pressure: Fortune Fin

Experts have almost lost hope on the Indian market and feel any slight wrong move may be a risky bet. Abhijit Chakraborty of Fortune Financial feels that the market has little possibility to rebound but it is best not to play it now.

December 20, 2011 / 13:32 IST
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Experts have almost lost hope on the Indian market and feel any slight wrong move may be a risky bet. Abhijit Chakraborty of Fortune Financial feels that the market has little possibility to rebound but it is best not to play it now.


In an interview to CNBC-TV18, Chakraborty said that sometime around February-end or March, the market should see the final capitulation based on the budget fears as well as Q3 earnings numbers. "Post that event, may be sometime in month of March, one could perhaps take a view whether the market has bottomed out or not," he explains.
As an investment stratgey, he suggests buying little attractive stocks, given its valuations vis-
first published: Dec 20, 2011 10:43 am

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