My Dear visitors, the Indian Equity benchmarks continued their uptrend for the 2nd consecutive session ahead of R.B.I. Policy meet tomorrow. It was looking like a consolidation day in the first half of trade but second half looked quite strong. It seemed that the Stock Market may have priced in 25 basis points hike in key rates. It seems to be that the R.B.I. would prefer 25 basis points hike in key rates but more important would be the statement from R.B.I. Majority of experts said R.B.I May end the rate tightening tomorrow and some experts still believe that R.B.I may go for the rate hike. So Tomorrow is a crucial day for Indian Stock Market. if R.B.I. Refrain themselves for not increasing the interest rates, then Market will react very much positively. in case of increment of interest rate by 25 BPS, Market may take it to be granted. but anything more than 25 BPS hike, Market will react very much negatively.
Intraday
Stock Tips For 26 July 2011
1. DLF (DLF Ltd.) :- Buy at 243.90, Strict sl at 240.75, Intraday Target 245.90-247 Strong Resistance - 250-254-258
2.
UFLEX (UFLEX Ltd.) :– Buy at 222.40, Strict SL at
219.25, Intraday Target 224.40-226 Strong Resistance -227-229 Short
Term Target Expected 240-250.
3.
TATASTEEL (TataSteel Ltd.) : – Buy at 591.25, Strict SL at
588, Intraday Target 596-597.80 (Strong Resistance)-601-604-610
Short Term Target 630-635.
