After a pull back rally market cross 18,000 .Market is still looking range bound 16500-20,000.Be Cautious at higher level.But market is safe from big down till Budget.So Invest in market for short term.
Every time stocks rise, people are going to sell. Even HNIs are going to sell because the great profits that they made towards the end of 2007 vanished in January. So, every rise is going to meet with selling. But we could have two very big figures for this market. One is interest rates. We have not formally reduced interest rates, even though there is a fantastic argument going on to reduce rates from even the Finance Minister and Prime Minister. We need to activate consumption demands in the economy. We may also see some tax cuts for both individuals and corporates, this being the last Budget before the election. So, we are having a couple of triggers. If one of them comes through, this market can really get going nicely.
In Coming week market try to be range bound but overall result may be is upwards.Maximum shares moved 5-20% up in a week.Reliance group moved fantatically.This week we may not see such huge rally but still we may see some upside movement in fundamental strong shares.
Shares to Invest : IFCI for one year term target 250.
Share to buy this reliance petroleum for short term gain.
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