Hi Micky-Intrday also suggest abt ranbaxy,

President Barack Obama’s plan to inject more than $300 billion into the economy will bolster growth. Obama plans to unveil his proposals for promoting job growth in an address to a joint session of Congress today.

bweek

hi cb all if nifty above 5150 ll test 5230 to 5250

Obama's $300 Billion for Jobs: Where All the Money Goes

http://www.cnbc.com/id/44429067

Hi KARTIK, CB, KB AND ALL GOOD EVENING.

hi kartik good evening

i got call to buy bata india put 680 at 19 stoploss 14 target 32 to 37 ((( only buy if bata india breaks 685 in cash ))) can i enter tomo today it closed 684
char also looks weak .. even positive market it traded negative bias ,, and .. charts show lower top .. i think it ll come down 650 level in two days

Hi bktr, ge

hi cbb and alll see this news in money control

http://www.moneycontrol.com/news/market-edge/experts-raise-red-flag-say-rally-may-lose-steam-above-5300_584174.html

Experts raise red flag, say rally may lose steam above 5300

It was a steady and rangebound session at the markets today. The indices hovered in a narrow range in early trade. A late spike up helped the Nifty to reclaim the 5,150 mark. The Sensex shut shop exactly 100 points higher at 17,165.

Most of the experts don't see the current rally taking the Nifty beyond 5,300. They advise investors to be cautious.

Dilip Bhat, joint managing director of Prabhudas Lilladher said, the rally was long overdue for some time and it’s really playing out in a good way at the moment. However, he said, he would still be cautious.

Bhat feels the upside could be capped at 5,250-5,300. “One must sell on rise,”
Like Bhat, Jai Bala, chief market technician of cashthechaos.com asks investors to be cautious. He said, this is a bear market and hence, it is likely to see further dips. He warns that the market may see more upside in the short-term, but it should not be interpreted as a fresh uptrend as global cues are still weak.