It was a surprising day as far as Indian markets are concerned yesterday. The sensex opened the day in deep red,the Asian markets were down and the increase in the repo rate by 25 basis points also hit many sectors hard. The only good news was in terms of IIP numbers. The sensex ended the day finally by gaining 65 points and nifty gained 16 points over its previous close.

A point to note is that the Indian markets have already lost 9.3% in the month of June 2008 till last Tuesday itself. From then, we saw a pull back rally in the last few trading sessions. The US markets closed in green yesterday by gaining 0.45% each. The Asian markets are looking flat at the moment.

Some Intra day calls for today: Praj Industries(cmp 192),RPL(cmp 180), Aurobindo Pharma(cmp 313),Panacea biotech(cmp 375), Orbit Corp(cmp 433), Lupin(cmp 723),Chambal Fertilizers(cmp 83), Unitech(cmp 189).

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