Optimism in global markets and investor confidence have contributed significantly in creating a bullish impact on market in the run up to the budget.
If Nifty holds the current range of 5380-5400, then I think we should expect the markets to move to around 5600 levels, probably around post budget.
Today market did no show a powerful trend. Nifty was flat. It closed just 0.7 points up. Same thing in Sensex, it closed just 27 points in green.
There is a chance for a Rally in the market. There are several reasons for saying that.
Actually for the past 3 weeks the FII's were withdrawing funds from Indian market due to the various negative issues.
But Monday a great come back happened in the market.
FIIs again started to make investments in the market.
In a single day they made investment of about 228 crores in the system.
But Monday a great come back happened in the market.
FIIs again started to make investments in the market.
In a single day they made investment of about 228 crores in the system.
This is a positive note.
Also the policies from the Government's side to control the inflation made remarkable change in the attitude of investors.
So this is the best time to invest and multiply your asset.
Many successful analysts are advising to buy Yes bank.
Yes Bank is at a stage where ICICI Bank or HDFC Bank was probably 5 years back.
So I think that it can give a 30-35% kind of an upside from current levels.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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