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Now the D-day is about to arrive as market is waiting with bated breath in the coming week for next week's rate-setting meeting which is scheduled for 20 April. We expect a 50-75 bps hike in the CRR along with a 50 bps increase in the policy rates in this review which is likely to be undertaken by Reserve Bank of India.Click Here to Get Free Stock Market Tips in Email
India's annual rate of inflation, based on the wholesale prices, increased slightly to 9.9% in March from 9.89% a week earlier and this led to some selling. However it was better than expected figures of 10%-10.5% rise expected in inflation. However only a matter of concern in these days is the reduced volume in trading However positive factor is nice pullback from the upper Bollinger Band which has brought the RSI back into neutral territory. Technically market is in overbought zone. Market is now also waiting for US jobless claims, Industrial production and housing data.
Indices | Support | Resistance |
Nifty | 5250-5200 | 5300-5451 |
Sensex | 17540-17680 | 17730-18112 |
Stock | Profit (Rs) |
Tip | 2445 (Rs 50,000 Trading) |
Share | Gains (Rs) |
Tips | 22540 |
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 34430 |
- Chinese GDP has grown at 11.9 per cent during the first quarter of 2010 as against the same period last year.
- Better than expected US earnings reports from JPMorgan Chase & Co. to United Parcel Service Inc. has bolstered confidence in the global economy.
- Dubai utility reopens debt market with $1 bln bond.
- China revaluation would hurt U.S. jobs.
- Euro falls broadly, crude slips on strong dollar.
NSE tips
Strong futureSintex, Ansal Infra, Pir Health, FSL, Divi'S Lab, Zeel, Rel Infra, GMR Infra, Titan & LITL.
Weak futures
BEL, Mc Dowell, Renuka, Hind Petro, Sail Ltd, Tech Mahindra, Maruti, ONGC, Orchid Chem & Punj Llyod.
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