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Sunday 28 August 2011

'The worst seems over for now' - Shankar Sharma


Shankar Sharma, chief global trading strategist, First Global, spoke to Ujjval Jauhari on the markets.

How do you see the markets panning out from here on, given the recent sell-off? What are the likely triggers for an upside / downside?

The worst seems to be over for now. We will have to see what fresh developments take place globally, but I don’t see an immediate downside from here on. The markets have corrected substantially and we can argue to a reasonable extent that the negatives are factored in at current levels.