Money Tree

US Fed rate is hiked by 25 basis points as we had expected yesterday. The global markets have been very strong on this news. We expect a huge rally today. Buy IT sector and banking stocks.

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Two crucial events are scheduled for today. US Fed outcome and expiry of June series of F&O. We expect the markets to be flat. It is expected that teh fed rates would be increased by 25 basis points, and if it does not increase more than that then a rally towards 11000 mart may be seen.

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US fed meeting is scheduled today and some interest rate hike is expected which will have an adverse effect on the markets. Global markets are down today due to interest rate concerns. There will be pressure on the sensex as well, but some short covering may take place due to impending expiry of June F&O series, which will keep the sensex from falling sharply. However midcaps may take a hard hit.

Yesterday the markets fell sharply because of some profit booking by traders. Today we expect some short covering in wake of expiry of june series of F&O sheduled on thursday and some bounce back may be seen as 10000 is a crucial support level. The market may tend to test previos bottom of 8800. The sensex is expected to swing between 9500 to 10500 levels for some time, before it marches ahead to acheive 11000 target.

The sensex has reached a level of around 10500 where it faces very strong resistance. It may go up to 11000 but before that it may bounce up and down. It is recommended to book profits at 10500 levels and buy again at falls.

Today very positive cues are coming from global indices, Dow Jones and Nasdaq closed positive and most of the asian markets were roaring. we expect the sensex to touch 10200 mark today.

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Today the markets may continue their effort to reach and close above 10000 mark and today they may acheive that.

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Yesterday the sensex closed just short of 10000. Volatility was reduced to a large extent. Now it has a short term target of 10200.

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The sensex has a short term target of 10200. Today the markets will try to acheive this target and volatility will be reduced further. Volumes should increase. Following shares are worth buying.

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The markets have probably found a bottom at 8800 levels. Today the markets are expected to remain bullish. Sensex should touch 10000 mark however it has a strong resistance at 10100 levels. If it crosses this mark then the markets would have overcome the bearish phase.