Market View - 24 Nov 2009

We believe that this week will continue to remain very volatile with a negative bias for the December series. Several stocks for e.g. Powergrid are seeing heavy short buildup. We advise our clients to get cash heavy so as to try and buy the stocks at cheaper rates in the market.


Although there are several analysts predicting 5250 / 5400 in the market we believe that markets will find it very difficult to cross the 5130 – 5175 supply zone. However if 5175 is crossed then 5300 becomes a possibility.

As far as stock ideas go we advise buying Balrampur chini at 126.

Result Day 1: Day high of 134.6 yesterday (intraday)

Result Day 2: Day high of 149.7 today

Dated: 24/11/2009