No quick picks
Index opened unchanged after Friday choppy session in the US. We expect consolidation to set in from this point of time. Therefore, we advised cautious trading when opening any positions to prevent unnecessary whipsaw.
News update :
1) GE earns $2 billion in the third quarter as “economic environment continues to improve”.
2) Federal Reserves Chairman Ben Bernanke says there’s a case “for further action”.
4) Dow ends in the red Friday; Nasdaq paces major indexes’ weekly gains, up roughly 3%.
Medium term picks :
2) Wilmar International enter 6.49 SL 5.87