Thursday, February 28, 2008
Market Prediction
GLOBAL MARKET IS MIXED MARKET COULD OPEN IN NEGETIVE NOTE BUT LONG POSITION CAN BE BUILD UP FROM 5220 AND ABOVE WITH FINAL S L 5200 WITH A TARGET OF 5300-5340,SECTOR TO BE WATCH OUT POWER EUIPMENT LIKE SIMENS AND ABB,BHARTI AND ICICIBANK IS HAVING SHORT POSITION SO SHORT COVERING EXPECTED,BUDGET IS ALSO KNOCKING SO BE CAUTIOUS IN ROLL OVER POSITION UPTO 72-75% ROLL OVER IS DONE,15-20% MORE EXPECTED .
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1 comment:
market is poised for a upseide of 10%.Oversold statistics, low retail participation, no big IPOs down the line, probable RBI rate,infrastructure and growth impetus through union budget, Ben Bernanke cutting benchmrk fed rate cut could lift the market
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