Weekly Outlook

The week gone by witnessed high volatility and nervousness, perhaps over-reacting to
the Fed.'s announcement regarding its assets buying programe.    Having said that, Nifty
is trading at 5650 odd levels.    At these levels, valuations are looking very attractive.
Some large caps and mid cap stocks are available at mouth-watering valuations.

Daredevil traders willing to go long at current valuations have risk - reward ratio in their
favour.    A sharp rebound in Nifty on the upside seems quite possible.