Stock market is place of uncertainties and surprises…
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Gap up is expected due to strong global cues…FIIs were net buyers in index futures yesterday indicating that they will trade to boost market upside to get return on their trade. Few stocks are showing strength here …so market may get support from their up move …5400 is a strong level , coz spot traded July to Aug there…so breaching it is not a easy task for bears…It is predicted that market may trade in range above 5400 or a smooth recovery /retracement can be noticed…Supreme court intervention will affect telecom stocks ...Indian growth story is intact, see Dec exports ...
The Supreme Court on Tuesday declined a motion to cancel the 2G spectrum licences allotted to private operators in 2008 on the basis of the CAG report alone.
Exports set new peak, help narrow trade deficit to $2 billion
