Tuesday, April 15, 2008

Market review after closing bell

Today is a really big day and how surprising. This morning when there is gap down opening, everyone supposed that today is blackday for market due to US market crash on Friday, but there huge covering in market. Top gainer of today’s market is Ranbaxy lab,TCS,Infosystech,RCOM,Wipro. Today’s rally is very surprising,It’s had excellent leadership from IT, we have had some big moves in pharmaceuticals, and many largecap names like Lever, ICICI Bank, DLF have all done very well. Nifty cross 4800 level with a good margin and touch 4937 as high.

So technically today has been an important day, maybe the market was waiting for some kind of a whiff of good news, to clear that 4800 happen, that’s come in the form of Infosys, maybe it's been aided by short covering. But whatever it is, it has been strong today.

I had suggested some stocks for buy in morning as well on 11th april, like BHEL, Rolta,Infosys, Ksoil,Punjlloyed and Nifty. All stocks give some good returns as we expecting. I had made good returns from these stocks and I hope you too.

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