Mathan Somasundaram

Aussie market started volatile and positive and remained there with Banks turning the corner the day before. We see the global investor selling pressure subsided today but it is holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to revisit the 5000 low level, but the investors may be moving early to pick up the bargains opened up by the global investors selling out on currency worries. There were signs of market optimism coming yesterday and we saw that more today…let’s hope that continues. Health Care Index with PE Bands below shows that it is cheap and it has growth...BUY!!! (VIEW LINK)



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