Market Review

Nifty is giving qualms.    Going by what the market is anticipating from the US Federal Reserve Bank over the next 48 hours,  it appears that Nifty is on the verge of caving in.

The spectacular rally in the USD causing steep correction in gold prices,  the rise in the US treasury yields since last month,  the Euro trading at historic lows vis-a-vis the USD causing to erode the export competitiveness of US goods and services,  etc. are some of the factors that may augur hard times for equity markets going forward.

Trading Calls

Scrip                                   Call             CMP            S/L           Target          D/L                    

IPCA Lab                           Buy               713             699               740           Mar. 13    

Ruchi Soya                        Buy                48               46                 52           Mar. 13          

MRPL                                 Buy                68               66                73           Mar. 13        

Finolex Cables                  Buy                279           275                295          Mar. 13         

Ashoka Buildcon               Buy                188            180               205           Mar. 13