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Equity calls: Jain, Bhamre
Published on Mon, Jun 23, 2008 at 08:24 , Updated at Mon, Jun 23, 2008 at 08:54
Source : moneycontrol.com
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Nirmal Jain, India Infoline: The market has been spooked by the higher than expected inflation numbers. Investors are worried about continued tightening by the RBI. Headline WPI is likely to remain high for the next 4-5 months and a rate hike is round the corner. There are lots of shorts in the system and a dose of good news will lead to a short-squeeze. Siddharth Bhamre, Angel Broking: Huge unwinding has been seen in Put Options and FIIs have created significant shorts in Nifty Futures. The Nifty may test 4200 and shorts should be covered at these levels. Support for the Nifty has been seen at 4000-4200 level . I like OMCs. |
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Other comments
Worse slowdown yet to hit markets
Excellent post ramesh aha!!...
in Market Outlook - Short Term - radhika_nandlal at 11-Oct-08 07:54
Worse slowdown yet to hit markets
The Media often gets away with many things because public memory is just short! This is one thing you can keep sho...
in Market Outlook - Short Term - rameshaha at 11-Oct-08 07:31
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