Markets on 28-Aug-08

Markets expected to be even more unpredictable with expiry coupled with weekly inflation numbers.

Key support/resistances for the Nifty are 4230/4260 and 4340/4400.

Our target for Sterlite was met at 620 and 630. We reiterate buy on Sterlite with same targets. Exit out of Maruti call. Continue to hold RPL with a medium-term perspective keeping stop-loss at 154.

Markets on 27Aug08

With just two days to expiry, the market trend is expected to be volatile albeit with a positive bias.
Key resistance/supports for the Nifty are 4350/4400 and 4250/4300. Stocks that look bullish include MUL (targets of 645/660), RPL (targets of 161.5/163/165). Sterlite is another stock that looks bullish (over a slightly longer holding horizon) with tentative targets of 620/630/640.