Thanks CB. With the current reforms don't you feel that it would be a big gap up opening or will it still depend on the global queues

CB
do u think that RBI will cut rates and follow suit with the global events, As for me the chances to cut rates look weak owing to the high inflation numbers released today, altough we may see a crr cut but is that enough, as for the global markets europe is firmly in gains and dow and nasdaq are up .5% to 1%.

Regards
Sujata

Hi dear, pls let me know future prospects of spicejet & kingfisher...

dear cb,

how would the markets react on monday on occasion of 1 % UP Dow jones, FDI Clearence by indian govt. & TMC 72 hours time frame for withrawing suport from govt....
will we get upto 5650 morning...i think so...where will we lead to...after that..

Hi Rajesh, we already seem to have reacted quite a lot and it seems Dow has started to show some signs of Profit booking

Hi Satya, hold BPCL with a SL at 345 (support) and Cipla with a SL at 365, both are trading near their support levels, and can give a bounce if Markets trade flat/strong, hold them for another 2-3 days

Hi sujata, hmm, thanks for your views

Hi RAJ, hold it with a sl at 118, it faces strong resistance at 125, a close above which can take it to 135+ levels

Hi Akshay Nanda, KFA looks weak, avoid it, SpiceJet faces strong resistance at 36, above which it can be entered for Short term

Hi Jai0, continue to hold them with a SL at 93 and 66, banking stocks look weak overall would advice to book them on rise

Hi Ashish

Let me assure you of one thing, since being from the state of Ms Mamata Banerjee, be rest assured that she will not withdraw support to the UPA. All that she is saying is just an eyewash as it had already happened before. She is a power hungry lady and her party collegues will not let her withdraw support as a lot is in stake for them too. In the recent times pls refer to the events of the presidential election.
Regarding 5650 on monday, well if the RBI cuts rates and then we can see the banks performing as the banks have not performed at all in the recent rally. with the inflation numbers released today are high RBI may not be bold enough to cut rates. However the Govt is signalling that it is determined to put an end to the policy paralysis, so we might see a run up or the index may remain flat.
One good thing is that the FII's have bought around 2300+ crores of stocks, So the whole thing looks positive in the near term and we may see this rally sustain till 5700 in the future. Keep a SL at 5500 though.

However the above view is personal please confirm with the site owners and administrators
Regards
Sujata

PS CB/Kartick i hope that you will not take offence of me replying to a boarder's post

Thanks Karthik. So I will hold on to my PUTS till expiry. Hopefully will be able to make some money. I had taken Pantaloon when you had given a call yesterday but could not hold on due to margin shortage. Unlucky..

Hi CB,

Can you please advise on Karnataka Bank and REC.

Thanks!