We had a great day yesterday with all calls hitting targets. World markets are trading quite flat today. On the domestic front, I dont expect much action today as well. It could well be a pretty sluggish day in the market. Market has tested 4500 yesterday, now we could have sideways movement for sometime before heading up or down. Inflation number will be released today. However, in the past few weeks market has seldom reacted to these numbers. Next week is expiry week and I believe until expiry we may not see too much of a fall in this market. A lot of shorts were built in this series and short covering and rollovers may provide support for the time being to the market. Trade lightly!!
STOCK PICKS
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CAIRN - CMP:284.15 BUY this stock on dips around 278 - 279. Targets 284, 289 SL - 275
TATA STEEL - CMP:816.8 BUY on dips around 805-810. Target 825 SL - 798
Friday, June 20, 2008
Market views and updates for june 20, 2008
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