Tuesday, April 06, 2010

Market closed at 17935 which just a few steps away from the 18000 mark. It will cross even 18300 in coming weeks.
This is earning season and 13th April is a big day. May be market could react on either side depending on Infosys guidance as Rupee has already breached 45 and its next destination is 42. If the guidance is still good then the same could be used for some distribution in tech sector and hence I would suggest investors to stay away. If guidance is bad then the whole market will tank for correction. Hence limit your F & O exposure before this event.

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