Anand Rathi: Adopt wait and watch approach

Anand Rathi, in its market outlook, states that with just two trading sessions to go before the June contract expiry, the markets are expected to continue showing wide swings in intraday trading session.

The market depth increasing would help the market take a more secular direction, but for any major bullish sentiments to re-emerge, investors are still expected to have a more wait and watch approach.

The US market closing in the red, with Dow trading at its seven month low and the Asian markets too deeply in the red in early morning trade, are bound to have some negative bearing on the market direction.