RBI policy day April 1

RBI policy day . Market will open gap up with increased volatility .

Boosted by strong foreign fund buying, both the BSE sensex and the NSE nifty closed at new highs for the sixth consecutive session on Monday, taking the total gain for the just concluded financial year to 19% for the sensex and 18% for the nifty.

The gains in the benchmark indices came on the back of a $13.4 billion net buying by foreign investors even as mutual funds were net sellers. Significantly, the market gains during FY14 also propelled the total waelth of investors to Rs 74 lakh crore, near the all-time peak of Rs 77.6 lakh crore recorded on November 5, 2010. The gains in the sensex during the year came as 26 of its 30 constituents closed higher, led by Hindalco, Maruti Suzuki and Tata Motors.  http://timesofindia.indiatimes.com/business/india-business/Sensex-nifty-gain-nearly-20-in-a-year/articleshow/33049536.cms

chart is showing mixed indication

but bank nifty has shown  profit booking after gap up opening yesterday .Getting indications of NF closing well below 6700 so plan your trades accordingly or stay at chat room dhanvarsha for real time updates http://dhanvarsha.in/chatroom/

Full month

every session

green

by FIIs

not even a single day

of selling

why ?

have they planned

something

big

Trade in Nifty futures as per these levels 

Buy at / above: 6808   Targets: 6823 – 6844 – 6864 – 6885- 6918
Stoploss : 6785
Sell at / below: 6785   Targets: 6753-  6732 – 6702 -6681- 6652
Stoploss : 6808

Warning: Stocks Will Collapse by 50% in 2014http://www.moneynews.com/MKTNewsIntl/Stock-market-recession-alert/2014/02/10/id/551985/?promo_code=166D4-1&utm_source=taboola&utm_medium=referral

 

RBI policy day April 1