Thursday, January 27, 2011

Market outlook and future expiry on 27/1/2011

Hello everyone

Tomorrow on 27/01/2011, there is day of future expiry and market is likely to remain in positive zone tomorrow, however it may show some profit booking.

Asian and European markets remained in green territory today on 26/01/2011 and tomorrow on 27/01/2011, I expect Indian stock market to remain volatile but in positive territory with some positive bias.

One should remain cautious at this stage and I advise you to remain stock specific and buy in later half of day if European market show some positive trend tomorrow.However, if European markets show some negative trend tomorrow,wait for one or two days before making fresh buying.

You can buy power Grid at price of Rs. 98-99 now and wait for target of Rs. 105

Anyways, lets wait for morning and have some happy trade,

Good luck

Lalit Kumar

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