Positive trend in Indian equities for the second consecutive day of trading.
Today 23/03/2011 Wednesday Sensex closed in 18206.16, 217 points up and Nifty closed in 5480.25, 66 points in green.
But invest carefully because I think in the next 10-15 days perhaps market may still try to touch around 5200 range, largely because of the year-end factor and also on global cues.
Second problem is the Crude oil price. if crude remains at current level then the market is unlikely to cross 5600. Only if crude price need to come down for the market to sustain above that level.
Nifty has key resistance at 5690. But market is nowhere coming near it.
The short term resistances are about 5550 and once market tries to take that out then we can expect the 5600 levels.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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