Key Indian indices are set to open on a flat note today tracking volatile trading from other asian markets. Back home, the slightly higher than expected results from Coal India may bring optimism while the cautious sentiment due to Q4 GDP data to be released on 31st May 2013 & derivatives contract expiry due on thursday may keep the markets rangebound today.
Key Events For The Day:
Quarterly Results: Gail India, Colgate Palmolive, DLF Infra.
US Consumer Confidence.
Derivative Strategy For The Day:
Buy NIFTY (CMP: 6083) with a Target of 6145 & a Stoploss of 6050.
Buy BATAINDIA (CMP: 829) with a Target of 841 & a Stoploss of 823.
Sell BIOCON (CMP: 274) with a Target of 268 & a Stoploss of 277.
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