Markets are likely to consoldate at current levels and might trade between 9000 and 11,000 for the next few months as we do not see any substantial triggers that would launch the indices in to the next level.
Satyam Computers plans buy back offer,
Chanda Kochhar set to be new ICICI CEO.
Today, we expect a cautious to slightly weaker start. US stocks fell sharply overnight and Asian markets are down this morning. Do not go overboard and start loading up aggressively as things could turn ugly again. Any rise should be utilised to lighten one's position, especially from weak counters
ACC (SELL, CMP Rs507,)
Strategy on Future and Option
~ Long Cipla Dec Future
~ Long Welspun Guj St. Ro. Ltd Dec Future
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