The week ahead : Markets hovering at the edge ..

Last week the stock markets opened train on a weak note due to sell off in pharma stocks. The US health regulators has issued some observations which could have a negative impact on some companies in the sector.  The CNX pharma and the BSE S&P health care indices recorded a dip but subsequently , short covering in derivatives and somewhat good news from the US fed lifted he sentiments up. The Indian indices – the Sensex and the nifty –  closed at 25,270 and 7,713 respectively with minor loss.

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The week ahead: Indices need strong boost to go ahead..

Indian markets started the last week on a strong note but turned volatile by the mid week as invetsors started to book profits. Due to lower inflation numbers , the hopes of a rate cut by the RBI is flying high and the overseas investors have kept the buying pressure up . Overseas investors have so far pumped in 16500 Crores into the market. As a result, the indices closed at 25,338 and 7,717 for the Sensex and Nifty respectively.

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The week ahead: A silent week expected.

The Indian stock markets extended the positive streak to the third consecutive week closing at 24,953( for the Sensex)  and 7,604 (for the Nifty) thanks to rising crude oil prices , renewed buying from FII’s and all round positive cues from around the world. The market sentiments also got a boost when the US fed decided to keep the rates unchanged and decided to reduce he probable number of rate hikes in 2016 to 2 from 4.

Going ahead, this is a holiday shortened week. Markets will be closed on Thursday and Friday on account of Holi and Good Friday respectively. Since there is no economic data to be published in the first three days of the week , it would be a silent week ahead with range bound movement.

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The week ahead: Enter the market only for buying opportunities.

The sensex and the nifty is likely to open on a weak note, following the weak trading of SGX Nifty. This being the budget day, we don’t think anyone would want to trade stocks – we wouldn’t recommend either. It’s better to sit back and watch what the finance minister has to offer and then plan for the next year. Meanwhile, sharp movements are possible in certain counters. If you happen to witness a spike, do not go after it. At the same time, if you see a big drop in excellent stocks consider buying it and averaging the cost down a bit. But such decisions should be taken only after finding which provision of the budget went against them and the impact of such provision in the future.

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