2008: A Landmark Year For VNI

January 2008 | Market Strategy

BMI View: The VNI is looking precarious in the near term as domestic and global conditions are unfavourable and the index may well test short-term support at 850. The bright long-term prospects of the market should, however, serve to arrest a sharper fall of the index. Thus, our core scenario is that the index will be able to weather the current storm.

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