We have the inflation data coming out today, the chances of beating the estimates look bleak, if it does then, we can seeing this index moving up at a faster pace. Infy and its result as usual an illusive decision, of whether to buy or to sell. The levels could go down a little further and it would be a good thing to enter the stock, 2 to 3 quarter down the line we could see the stock at 3800 or above levels.
This market at the most could be choppy for trading in this truncated week, and the over all trend of moving forward remains there. We should see higher highs but only once we have seen some lower lows. The bulls still have it....
China and Hanseng has been acting in a negative manner, will it rub off on India we need to wait and watch the Nikkei and the Australian index is in positive territory mirroring what happened in the US last night..The metal pack could take a beating, but with Tata steel getting a rating upgrade we could see some fresh buys this morning.
We need to watch the rupee and the bond market, both could be subdued with the data being awaited later in the day.The same will hold true for data due to be out in the china which could have some major impact on how the market would trend.
This market at the most could be choppy for trading in this truncated week, and the over all trend of moving forward remains there. We should see higher highs but only once we have seen some lower lows. The bulls still have it....
China and Hanseng has been acting in a negative manner, will it rub off on India we need to wait and watch the Nikkei and the Australian index is in positive territory mirroring what happened in the US last night..The metal pack could take a beating, but with Tata steel getting a rating upgrade we could see some fresh buys this morning.
We need to watch the rupee and the bond market, both could be subdued with the data being awaited later in the day.The same will hold true for data due to be out in the china which could have some major impact on how the market would trend.