Expect WPI to peak at 10.5-11% in Q2CY10: JPMorgan

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Here is expert equity call for the day on how the markets are expected to trade:

Jahangir Aziz, JPMorgan: We expect WPI to peak at 10.5-11% in Q2 of CY10. We maintain our expectation of a 25 bps hike in policy rate along with a 50 bps CRR hike in RBI's April policy.