CALLS FOR 27TH JULY 2009

SHREE RENUKA SUGAR Buy IF BREAKS 152 TGT155, 157 SL149

UNITECH Buy Above 88 SL86.50 upper targets 90, 92, 95

YES BANK Buy above 162 SL160 upper targets 170 around

BUYING EXPECTED IN ITC IF BREAKS 233.50

The Reserve Bank of India (RBI) will review its interest rate policy on July 28.The RBI has cut its key lending rate by 425 basis points since October to lower borrowing costs for firms hit hard by the domestic slowdown and the global slump.
EXPECTION:
The tone of the policy is going to be cautiously optimistic.It can’t be too dovish or too hawkish, but yes, RBI will give some heads-up on inflation expectations building towards the last quarter of FY10
I dont know REPO RATE or REVERSE REPO RATE will be cut or not ?
But chart of CNX BANK NIFTY indicates ….something
Fishy
Negavtive Divergence in Bank Nifty and all Big boys :SBI ,PNB ,ICICI ,HDFC ,LIC ,BOI are looking weak.

CNX BANK NIFTY : Watch panic upto 7305–7227 level very soon.If breaks 7227 and closes below this level…..then watch freefall upto 6992—6914 level.

(DONT TAKE HIS AS AN TRADING CALL )

STOCKS LOOKING GOOD
DLF,CAIRN,ONGC,INFOSYS

STOCKS LOOKING WEAK
SEIMENS,RELIANCE,HDFC BANK