Market This Week ( 21th-27th April )

What a Recovery?Market and Orchid Chemical both .In 20 days orchid chemical recover from 52 weeks low to 52 weeks high.

Nifty is about to reach 5000.Although haven't touch on last friday , but monday may be that day.All credit goes to tech shares specially mindtree, infosys, tcs , wipro , satyam.

Local News : As we already discuss in previous posting , anything comes now have less inflation data.Government has taken few steps that will surely restrict high inflation.So most probable local news may be good in next couple of weeks.

RBI Action : We are prepared for a hawkish statement from RBI. The timing of the CRR hike was a surprise but the hike was expected. There was need for signaling effect from RBI. A CRR hike is a balanced way to deal with the current situation. I would be surprised if the repo rate is hiked. I don't see a need for both CRR and repo rate hike. It would be too harsh.

I think market this week also high and try to touch nifty 5200.But be cautious too.Put your stoploss strictly.

Any Global news may get some selling into the market.

Buy Shares : TTML, REliance petro, reliance natural, for short term gain.