Volumes in markets in the last few sessions have been lackluster. There are hardly any buyers in the markets. Expiry is nearing, but there are very few volumes in the F&O counters too. Stock specific movements are only there. Companies who have come out with good results see great movements. Companies with bad results are bashed up by operators, by creating short positions. Rela Estate companies are still to announce their results. We may see some great movements in the sector. DLF results are expected to be very sluggish. Dont take buy position in that.
Key rates have been kept unchanged, and RBI sees inflation falling below 3% in near future. So there may be rate cuts in Feb or March. RBI maintains 7% growth in GDP. Nifty tryin to find support at 2700 levels. Major corporate results have been good so far.