>MAHURAT PICKS (ICICI DIRECT)

Mahurat Picks 2009

With equity indices making new yearly highs, our equity strategy will be to buy on any significant declines in the markets as we are cautiously optimistic as the velocity of markets is surely exceeding the earnings expectation. Also, in October 2009, the markets will get sensitised by the earnings reported by Corporate India. So, any positive/negative surprises will have a corresponding impact on the markets. At best, investors should hold on to long positions while aggressive buying is not advisable at current market levels.

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