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Angel Broking : “The trend deciding level for the day is 18,310/5,502 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,378-18,448/5,519-5,538 levels. However, if Nifty trades below 18,310/5,502 levels for the first half-an-hour of trade then it may correct up to 18,241–18,172/5,483-5,465 levels.’’
Sharekhan : “A higher than estimated growth in inflation in May 2011 and an upward revision in the March inflation figures suggest rising pressure on prices. Inflation in primary articles and food seems to be easing but the jump in manufacturing inflation causes concern. Considering the pass-through of diesel prices and sustained demand pressures, the inflation is expected to remain high. Moreover, the recent inflation numbers give enough ammunition to the RBI to go ahead with a 25 basis points hike in the policy rates in its policy review meeting on June 16, 2011.’’
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