Sunday, May 18, 2008

Direction Is Uncertain

Last week I said to be cautious,but due to easing crude oil price and positive cues from global market our market rallied and has crossed few important levels.But there is still concern for our market.The major problem for our market is the increasing inflation which has touched its 44 month high of 7.83%,which is not a good sign for our market.But still I think, NIFTY can go upto a level of 5191 to 5228.
Also RCOM can go upto a level of 630.
Tata Steel should cross a level of 903 for a target of 931.

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