BOJ interest rate ?!

I was reading an article(http://www.rediff.com/money/2006/jun/23ps.htm) on rediff posted by some stock broker showing how increase of interest rate by BOJ would affect indian market.
Here is my simple take on what could go away/

NSE mkt cap =1495329 cr
=332.2953 Billion $
Japanese funds =5 Bn. $(article says soros suggest this)
Proportion of Jap funds =2%

If BOJ interest sky rockets also then i wont be worrying as it can only affect directly by 2%.
Caution:This is simple calculation and i have not considered indirect affect (money flowing from Jap-->other country and then get invested into india).

Thougths ?

Ashok Leyland is expected to move up from current levels.

Reason : Strong MACD divergence seen and trend line support

Target : 42-44
Current market price =34
Holding period =15-20 days
Stop loss =31-32

Lets mint !!

ACC is forming Typical ascending Triangle pattern.
Along with that MACD is also moving above signal line.
Seems to be case of getting long entry at above 830-835 with
Tgt of at least 900 with strict stop at 790.

Thanks,
Ravi

Back in business !!

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Reliance looks interesting.
Watch out for 1030 level. That broken with volume and you see 960 next. Else go long and wait for 1140 with trailing stop at base trendline.

more trading ideas to come !!!!!! :-)

RP