Sorry to say i read about instead of have about.Please change.

cb, how abt airtel for 1-2month perspective can be bought?

hai mate good eve..how abt axis bank nd jswsteel 2morrow ...what levels can we expect from them,can we see a hike or a downside for those ...

Please suggest some stocks for short time and long time. Thanks.

hi cb,

if market gets to 5205 - 5210, is it sensible to buy march 5200 CE ?

Sensex (17,578.2)

It was another placid week in the Indian stock market. In the absence of any reaction-worthy news, market participants occupied themselves with more mundane developments such as advance tax numbers declared by companies. Although calm is prevailing on the surface, there are lurking undercurrents such as the unresolved Greece sovereign debt issue that can roil the situation.

The week ahead is expected to be livelier as stock prices give the customary knee-jerk reaction to the policy-rate hike on Monday morning. Expiry of the March derivative contracts on Thursday could add spice to the proceedings. Open interest surging to record levels is worrisome though the high put-call ratio denotes that the bears are beginning to outnumber bulls and it can help prevent a sharp decline.

March has been good for Indian equities. The Sensex has managed positive closes in all but four sessions and has gained about 7 per cent. This has resulted in the 14-day relative strength index moving to extremely overbought levels at 75. Last time the index reached this level was in June 2009. However, this oscillator can remain overbought for extended period without a corresponding reversal in the underlying. Weekly oscillators are still positioned in the neutral zone.

We had outlined the assumption of a flat formation from the November 2009 trough in our last column. The C wave of this formation, that is currently unfolding, has the targets of 17,074, 17,954 or 18,833. This wave is sub-dividing in to a five-wave formation with the next targets of the fifth minor at 17,653 or 17,911. The fifth minor could even have completed at Friday's peak of 17,600.

What follows next could be another X wave preceding another three or five wave formation. It is obvious that we are on the verge of a pull-back. The extent of this pull-back will determine if the Sensex will have a shy at 18,000 in the near term or will decline towards 16,000 instead. Here are a few guideposts for the week ahead:

A slight decline on Monday morning that results in the Sensex reversing higher from 17,267 or 17,061 will mean that the near term-trend remains positive and the index will attempt a new yearly high before a stronger decline.

Decline below 17,061 will take the index to the key support zone around 16,855. Presence of both 20 and 50-day moving averages in this area makes it a key short-term trend deciding zone.

Short-term investors should avoid fresh purchases on a decline below 16,850 as such a move will be a harbinger of a deeper decline to 16,527 or 16,395.

Source : www.thehindubusinessline.com

Hi Narasimha, thanks

Hi krishnan, always welcome.

cb,
should i exit CAIRN at cmp and enter at low levels.....a 5 or 7 rs less