GLOBAL MARKETS ARE NERVOUS TODAY FOLLOWED BY EVENT OF FED RATE CUT ON 30.04.08.
IN INDIA, TODAY THERE IS A MONEYTARY POLICY MEETING WHERE RBI GOING TO INCREASE 25 BPS REPO RATE AS PER EXPECTATION.
LEVEL OF NIFTY IS 5060-5110-5150 FOR ALL LONG 5000 IS THE SL.
TOTAL OI IS 56K CR SINCE EXPIRY OF IT INCREASE 8K CR APROX.
PUT CALL RATIO IS HOVERING AROUND 1.35.
IF MARKET DOES NOT SUSTAIN ABOVE 5150 TECH COUNTER WOULD BE PRUDENT TO SHORT.
IN CASE MARKET BREACH 5060 LEVEL GO LONG IN POWER AND TELECOM.
HAVE A NICE TRADING DAY
-MR SAM
