Money Tree

Yesterday the fall was bigger than expected. The stocks fell across the board and all of them were deep in the red. Though the markets seem to be in a short term down trend and may test the lower levels but for today we expect a small bounce back as some heavy weights were oversold yesterday. Try to pick stocks like Tata Motors and ICICI Bank early in the morning and book profits as soon as you can.

The RBI’s financial year end rate hike will give the markets another bout of selling. And the experts believe that RBI may increase the interest rates by another 25-50 basis points before the next quarter. With rising interest rates there would be tremoundous pressure on companies to sustain the kind of growth they have been exhibiting in past 8 - 10 quarters.

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