Avoid taking any directional view on markets: Sameet Chavan

Considering the historical trend, 'August' month is known for bigger moves. So it would certainly be interesting to see which direction market decided to move in

Rough global cues hit the markets during the expiry week olast week. The selloff aggravated globally, in early part of last week, which clearly had the rub off effect on our markets. The benchmark index first breached the 15,700 mark and then due to aggravated selling, went on to breach key supports one after another.

At one point, things looked extremely bleak when Nifty was flirting with key support of 15,500. Fortunately, the mighty bulls grabbed this opportunity with both hands; resulted in a V-shaped recovery thereafter to reclaim 15,700 at the close on ;ast Wednesday itself. During the