Archive for March 23rd, 2009
Stock calls : 23-Mar-2009
For the week ahead…
Nifty & Sensex expected to touch 2619 & 8436 if trades below 2769 & 8909 respectively. If the markets sustains above 2769 & 8909 levels, then it will try to touch 2919 & 9382 levels.
About currency market…
$ is trading at a 5-Day Low. Dollar is expected to fall to 48.90 levels by weekend, if it remains below 50.88 OR it may rise to 52.75 levels.
RBI may hike CRR rates from 5% to 7% very soon but don’t expect any further rate cut thereafter.Also SBI & its Associates may increase their investments in Other Foreign Investments by Bank Offices in India by 5617-5612% this year. It is also expected that it may increase its Other Investments Held By Foreign Offices of Indian Banks by 33-34% this year.
BUY
MIC
At CMP
Target 38-46Â In Medium Term
Short Term Delivery Calls
Sell Bharti Airtel
At CMP
Short-Term Target : 490.00
Stoploss : 585.00.
Buy
DLF
At CMP
Short-Term Target : 200.00
Stoploss : 155.00.
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