Prudent Strategy

Expect the market to remain dull for a few more day as no one would like to take exposure just ahead of the result season. In the past week, market has witnessed very low volumes and I feel the scenario to remain the same in coming week also. But in the coming week, investor-focus is likely to shift to the quarterly earning which will provide actual figures and could trigger the market positively. Hence, the prudent strategy for short term investors is to stay away from the market at the current level while long term investors can take exposure in a staggered manner to the rate insensitive sectors like FMCG, Pharma and Telecom for their defensive appeal. They are also not exposed to moderation in global growth. In addition to these sectors, there is some positive story building up in the agri commodities sector.