The market may advance tracking rally in US markets yesterday, 24 March 2008. Asian markets were trading mixed today. Volatility may increase on the bourses this week ahead of the expiry of March 2008 derivative contracts on Thursday, 27 March 2008. As per reports, the marketwide rollover of derivative positions from March 2008 series to April 2008 series stood at 21%, while that of Nifty was 28%.
The sharp rise in inflation may be a cause of concern, which has now risen above the Reserve Bank of India's caution limit of 5%. As per data released on Thursday, 20 March 2008, inflation had surged to over 11-month high of 5.92% for the week ended 8 March 2008 as essential items like fruits and vegetables and pulses as well as some manufactured items turned expensive. The wholesale prices-based inflation stood at 5.11% in the previous week corresponding week.
Tips for today
RPL target 152/155/159
RPOWER target 315/321/325
Buy ICICI Bank around 815 SL 795
ESSAR OIL 189/202/205
WIPRO 400/402/410
SATYAM 395/398/402
HDFC BANK 1350/1366/1375
RNRL 98/100/103
ISPAT 27.5/29/30
RCOM Target 512/520/522
IFCI target 40/42
Dont carry huge positions trade with strict SL
No comments:
Post a Comment