25 Aug 2005

The equity markets were volatile today due to the expiry of the August futures contracts. The NIFTY ended higher and closed at 2354 and the September futures still traded at a discount and closed the day at 2327. September will signal the future direction of the market....The odds are that it might...just might...end lower than what it is trading now at the end of September...and this is considering the fact that markets have had a huge rally in the month of August....but the markets can...and always throw up a suprise or two...