Intraday calls for 29-01-10
Markets likely to see a weak opening..
If markets show recovery later during the day, buy: Sintex Industries
update: 11.15pm – CRR has been hiked by 75 bps to 5.75% versus 5% while the Repo Rate and Reverse Repo Rate have been left unchanged – News is not as expected by market participants. but nifty could see some short covering after this news.
12: 15pm : Intraday call: BUY JET AIRWAYS CMP: 512, Target: 525, SL 500 – (exit positions at 507)
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Raj Says:
January 29th, 2010
Posted at: 8:16 am
Morning CB, is market expected to crash today???
CB Says:
January 29th, 2010
Posted at: 8:17 am
Hi Raj, may open 50-60 points lower. later during the day markets will take queue from the outcome of the RBI meet.
CB Says:
January 29th, 2010
Posted at: 8:22 am
Hi Adil, if possible avg it around 220 levels. fundamentally its a strong bet and will recover once markets settle
Hi Raj, hike upto 50 bps point is fine... it will do well. hold it.