Waiting for Infosys results….?

The markets not only ours but the Asian markets shrug of the US cues as they are tired of accepting the negatives for the time being. Our markets traded as if they are waiting positive cues from the Tech giant Infosys. As such there was no gross violation in the levels suggested in the earlier postings.
The techs any way produce good results on the back of the depreciated rupee but the surprises will come from the monetary losses due to advance selling of dollars anticipating the rupee strengthening. The dollar-rupee management has become great job at hand to many dollar earning companies. They trade with anticipation of something and the reverse will happen as in the case of day traders do in the market. The result will be same to every one who trade continuously on any markets.
The smaller names are getting buying support in the market is a good sign that the markets are consolidating at the lower levels. This move will help the markets to move further by 10% from these levels. The metal sector got good support and the losers are the auto sector. The real estate pack will loose some market cap in the days to come but the capital goods sector will add value.