A tough week finally coming to an end! The monetary policy was supposed to have taken NIFTY up but its taking the markets down. A flat start around 10,000 is expected today and will NIFTY returns to 4 digit figure or not needs to be seen. Friday is a day with some selling but today it might not be that much as most of the long positions would have been closed by now. A close above 10,000 will auger well for markets for next week. So what to do today? Wait in the side lines and see if you can enter at a dip towards 10,000 that could open you for a 200-250 point profit as the target.
Q1 numbers disappointed yesterday and Ceat tyres come with the worst. Even pharma will be under pressure with biocon getting 10 observations by US FDA after its inspection of the bangalore plant. Ujjivan also will be in the list of disappointments as it also failed to meet the expectations. So all in all a mixed day is expected and my gut feeling is the 2nd half of the market will be much better than the 1st. Are we in for a surprise rally? Lets see!!

Q1 numbers scheduled for today

1. Andhra bank
2. Apollo tyres
3. Berger paints
4. Dabur
5. Eid Parrys
6. Mahindra & Mahindra
7. MRF tyres
8. Sahara India
9. Sobha developers
10. TTK health