Market Report for 25/01/2011

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Niwas-9347078430

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Jan 24, 2011, 10:32:19 PM1/24/11

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Dear Friends

Market Report

Immediate Trend: Up
Short-Term Trend: Down

Important Events this Day: RBI Monetary Policy

Important Level to watch: 5631 if broken caution to exit all long positions as this is critical support level; this weeks high of 5750 needed to be broken comfortably for initiating long positions

Intraday support/resistance levels: 5732(s1), 5709(s2), 5674(s3), 5767(r1), 5791(r2), 5814(r3)

The Day of Reckoning is here. Today the trend of the market will be decided. The Street is expecting a expect RBI to hike repo and reverse repo rates by 25 basis points each and an unchanged CRR any deviation from the above will trigger a sell off so we advice u to stay cautious.

Stocks to watchout for the week:State Bank of India, Sesagoa, Icici Bank, Tata Coffee, DR Reddy, Hind Uni Lever, Grasim, Trent, Sterlite Industries, Archies, Balaji Amines, Network18, Motilal Oswal, ONGC, Siemens