The Friday fruits of recovery can be spoiled due to Maran’s issue as the telecom giants like Bharati, RCOM, VSNL and MTNL are involved. We have to see whether the market reacts positively on to SBI’s 75% net profit growth of 4th quarter or negatively disappoint over 3% rise for the whole year. It has the carry forward impact on the banking sector. The market is looking for strong supporting cues such as positive monsoon spread and favorable policy decisions. Otherwise the global cues are favorable on the buy side, so technically market should trade above 4103 not breaching 4081 on the lower side.
For stock specific calls visit www.intradaystockcalls.blogspot.com & www.gainfulstockcalls.blogspot.com
Monday, May 14, 2007
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