Markets recovered, the NSE was down by 4 points at 8334 while the BSE was up 33 points at 27564. The markets recovered after a long spell of going down. Tommorrow is the F & O last day, so the actual position of the month will be only known on friday ie 29th may , Tata Motors was quoting around 470/ previous close being 497/ down by 5%, it went down because of the less profits in the present quarterly result. But, technically it has fallen down so much it is a good buy. The markets are mainly down because of bad quarterly results of many companies. The fund flow from FIIs has also decreased.One must keep an eye on yearly results than the quarterly numbers.The event to be watched out is the RBI policy on June 2nd. A rate cut is expected as the Inflation has come down, and all the Economic parameters are good. HAPPY TRADING AND INVESTING.
