Mrkt FRom Now
Hi, Market is trading in a diffucult zone. No one can say, wht direction will it take from here> People and all investment manager and gurus can only guess, if it goes above 5350 and sustain it than could go upto 5500-5600, but to really sustain at these levels or to move higher it must come down once. And, if it fails to sustain the current level of above 5200, it would come down to 4900 level and even below that to 4600 level. So and so. What I think, watching all the macro level factors, is market does not seem in the mood to go down at present. It will go down (as seems) some time near May expiry or after wards. Only in the case it can go down before the above stipulated time, if FIIs start heavy selling, it may shring fast at any point of time. Regards, Praveen sevak