MARKET RADAR

Written by HARIKRISHNAN.T
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The Indian equities showed a positive note today also. Nifty closed in 5833.75 and Sensex closed at 19445.22.

Expect a correction soon........

Traders, do not make investments in this state. We will surely get the market in a lower range soon.

market may remain ranged between 18,000 and 20,000 level. Inflation and high crude oil prices are still causes for concern.

I think there could be some profit booking around 5,900 levels.

What is good about this market is about the rollovers because the rollovers are very good.

We are seeing around 58-59% roll over in the Nifty which was almost 48-49% on the same day in last month.

FIIs are supporting our market in a very much. That is the main reason for this positive rally.

On March 30, 2011, foreign institutional investors (FIIs) were net buyers to the tune of Rs 1,043.40 crore in equities. 

They made gross purchase of Rs 3,046.30 crore and gross sales of Rs 2,002.90 crore.

In the month of March so far, FIIs were net buyers of Rs 6,966.70 crore.

The detailed table is given below.













Regards Hari " लोका समस्ता सुखिनो भवन्तु "



STOCK PICKS FOR NEXT WEEK

Written by HARIKRISHNAN.T
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I prefer the following stocks for the next week.

# LIC Housing Finance: In the previous week, the LIC crossed its immediate resistance of Rs.206. I prefer this stock in the 190 levels for short term investors. Long term investors can buy this stock in this level also.

# Yes Bank: This is one of the fast growing banking institution in India. I advise a step by step investment in this. Friday it closed in 299 range. So safe buying level is between 260 and 265. In short term point of view it can come up to 330.

#Idea cellular limited: The safe entry level in this stock is 58. Immediate resistance will be 65. Make investments only in this range.

#Bharat Gears: I think the best entry level in this stock is 50. In long term point of view this stock has a great scope. But when we are dealing with short term, I think sell the share when you get a profit of Rs.4 per share.(In NSE)

Regards Hari " लोका समस्ता सुखिनो भवन्तु "



FANTASTIC WEEK FOR THE INDIAN MARKET

Written by HARIKRISHNAN.T
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This week was really a superb week for the Indian market.,

Today also the 30 shares Sensex closed 464 points up and 50 shares Nifty closed about 131 points in green.

Experts says that 5690 & 5750 level is very crucial for Nifty. So the investors should watch these levels before making investments.

I think the 5750 level is very difficult target to cross in this market scenario.

IT, banking, capital goods are the main sectors for today's rally.

Most of the stocks that I advised to buy crossed the immediate support level in the bullish trend.

Next week definitely we can expect a correction.

Wait for that correction, because now all the bluechips stocks are in a high range. For the short term investors it is not the correct time to buy.

The stocks for the next week will be posted on Sunday. 

Regards Hari "लोका समस्ता सुखिनो भवन्तु"