The week gone by was pretty much flat and I expect the current week to trend with a positive bias.
1. March 31st is the year end NAV time. Many of the fund managers have their bonus based on this. This month the DIIs have been sellers and I epect them to turn buyers the next week.
2. The post election results gap still has not been filled till 8935. Many times such gaps remain unfilled. This gap can remain unfilled if we have a final blow out rally till 9400 or 9500 and then a 400 500 point correction.
3. This market seems to have entered into a bull run and I do not expect any correction beyond 400-500 points on the Nifty.
4. Financials, Autos and selective Pharma stocks remain my top pick.
5. Global cues are stable and I do not foresee any trigger from them and the next doemstic triggers are only after the 10th of april with the full year results.
6. The markets are usually range bound, or negative at the time the Results are declared and I expect the same this time around too.
All in all, we are in a bull run for now with all corrections to be bought into. Also, by booking profits periodically we keep ourselves safe.
Let us see f the NAV pumping comes true the next week.
1. March 31st is the year end NAV time. Many of the fund managers have their bonus based on this. This month the DIIs have been sellers and I epect them to turn buyers the next week.
2. The post election results gap still has not been filled till 8935. Many times such gaps remain unfilled. This gap can remain unfilled if we have a final blow out rally till 9400 or 9500 and then a 400 500 point correction.
3. This market seems to have entered into a bull run and I do not expect any correction beyond 400-500 points on the Nifty.
4. Financials, Autos and selective Pharma stocks remain my top pick.
5. Global cues are stable and I do not foresee any trigger from them and the next doemstic triggers are only after the 10th of april with the full year results.
6. The markets are usually range bound, or negative at the time the Results are declared and I expect the same this time around too.
All in all, we are in a bull run for now with all corrections to be bought into. Also, by booking profits periodically we keep ourselves safe.
Let us see f the NAV pumping comes true the next week.
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