Stock Tip of the Day

Volatility remains in the market as the inflation numbers disappoint yet again. Now all eyes are on credit policy announcement from RBI on Friday. Stay away from the market atleast till Friday. The impact of news will be seen on Monday and in all likelihood the impact will be negative as RBI is not expected to cut down CRR on Friday, hence the markets are likely to open in red on Monday and once the barrier is broken it is expected to reach down to 4650. That would be time to enter the market though for short term.

Stocks to watch out are Bharti Airtel, which is back on recovery path. Idea Cellular and new recommendation is Pantaloon Retail which is beaten down to Rs. 146 from Rs. 225 within a month. Pantaloon has broken its support at Rs. 150 and will probably nosedive further if markets open in red on monday. Below Rs. 150 Pantaloon is a buy recommendation at every fall.