We said ‘Technically the market looks weak and we are into an F&O expiry week with just 3 days left for the expiry and once again the market could be volatile but the market looks sideways with no clear signs of any direction but the bias could be down’
BSESensex: (8955) the market has unfolded yet again volatile and directionless and has not displayed any signs of direction so far…the market has some supports near 8750 levels but by and large it is direction less…
Inflation came in at 3.38 for week ending February 14th. The NDTV poll of analysts predicted Inflation to come at 3.38% while Reuters poll had predicted a lower 3.31%. Nonetheless Inflation for the same period last year was at 5.66%.
BSESensex: (8903) the market closed in the positive as expected with profit booking coming in too…the market once again looks to trade into a sideways mode on the last day of the F&O expiry…so far no clear signs of direction
Neppolian Pillai of Modern Shares & Stock Brokers is of the view that in DLF a decisive close beyond Rs 158-160 could take the stock up to about Rs 180.
