Nifty edged higher on last trading session of Q4 March 2014 and the fiscal year FY 2014, with the market sentiment boosted by data showing that FIIs made substantial purchases of Indian stocks.FII Bought INR 942.86 crs and DII Sold INR 611.22 crs.
Shorterm Term
Nifty is still above 6700 and we can see market in rangebound till some time and sectoral rotation will continue to happen. I see weakness in Market only below 6570. Nifty VIX is at 21.6 which is nothing but particpants are expecting volatality and if we see fall, we will definetly see fall in VIX. Technically I dont see any change of trend as of now and I dont have any level for upside. If we some positive surprise by RBI we could see 100 point upside.
Intraday Levels
As indicated by cues we may see positive opening and suggest not to trade till RBI policy is out. If Nifty can trade above 6725 we could see 6740 and 6755 and below 6700 we could see 6685 and 6570.
Top pics for the day are JSWsteel, ABB, Maruti, Arvind, IDFC, BHEL and Crompton for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. Suggest to trade light.
Shorterm Term
Nifty is still above 6700 and we can see market in rangebound till some time and sectoral rotation will continue to happen. I see weakness in Market only below 6570. Nifty VIX is at 21.6 which is nothing but particpants are expecting volatality and if we see fall, we will definetly see fall in VIX. Technically I dont see any change of trend as of now and I dont have any level for upside. If we some positive surprise by RBI we could see 100 point upside.
Intraday Levels
As indicated by cues we may see positive opening and suggest not to trade till RBI policy is out. If Nifty can trade above 6725 we could see 6740 and 6755 and below 6700 we could see 6685 and 6570.
Top pics for the day are JSWsteel, ABB, Maruti, Arvind, IDFC, BHEL and Crompton for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. Suggest to trade light.
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