Prediction : An across the board fall with OMC bearing a fair degree of brunt owing to pressure on oil supplies. There is no need for widespread panic right now. It can be good opportunity for selective buying in the Banking sector. Stock to Watch: Reliance ( RIL hitting 52 week low), Bharti Airtel ( Results on Wednesday, trading close to 2 month low, new African businesses + Egypt being trend setter of sorts for them) Bears' Honey In light of Egyptian crisis and consequent fall in Dubai markets, the ripple effects are expected to be seen in Indian Markets today. Egypt crisis can complicate use of Suez canal and on a long term scale more instability in the middle east region leading to erratic oil supply. This can lead to price of oil which is currently less than its all time highs of >100$ per barrel , cross the psychological benchmark once again which could lead to triggering of negative sentiments. Bullion will for sure be the smiling geek amidst all the turmoil. Bulls'...
Uncertainty is the only Certainty