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Cautious Friday on cards, but Monday may mend it: Tulsian

As the street calls it 'terrible Thursday', the market today saw Sensex and Nifty mourn over US Fed warnings. In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says the 'unexpected' fall of over 4% is all set to place an alarm for the trade on Friday but expects to see a good recovery on Monday.

September 23, 2011 / 07:48 IST
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As the street calls it 'terrible Thursday', the market today saw Sensex and Nifty mourn over US Fed warnings. In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says the 'unexpected' fall of over 4% is all set to place an alarm for the trade on Friday. "The weakness is likely to continue tomorrow as well, but I expect to see a good recovery on Monday," he believes.

For the September series, ending next Thursday, Tulsian says one should not expect it to fall below 4,750. Further, he expects the tradition dull October to continue with the trend, until post-Diwali period.

Below is an edited transcript of SP Tulsian

TAGS: #EBSE #Market #MARKET OUTLOOK #Nifty #NS #Sensex #SP Tulsian #US Fed warnings
first published: Sep 22, 2011 05:36 pm

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