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With NSE Nifty closing above 6000 spot levels, new buyers may come into the market to participate in the rally. On a cautious note, one must note that India’s equity market had a more than a decent run in recent times which may cap upside for the very short-term perspective. Last time, we stressed to hold long positions when BSE
Read moreMarket has seen sideways movements in recent times. We believe the market is likely to have limited upside potential at least till the time 19600 levels are taken-out on upper side in BSE Sensex. Anybody focusing more than short-term should hold on to long positions. Be invested in select stocks to gain or outperform the markets. Good support is likely
Read moreMarket had traded sideways for few days. Selling pressure has been trying to reverse the trend as buyers are not able to support the recent uptrend with ease. Sensex has support at 18980 level and has resistance at 19600. As we wrote before 6 days, crossing 19600 is likely to remain a challenge.
Read moreThe market has traded sideways during last two days as noted in previous ‘Market Outlook’. Overall, many of the market participants are showing caution to the FDI vote and its possible impact on the market. SENSEX has support at 18990 while it faces resistance at 19430 & 19600 levels. We expect the market to continue the upmove with good support
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Dhaval P Vyas Investment Research 