Dear Friends,
Looking to the movement of Nifty Fut for the last 3/4 days, I feel there are no fresh buyers and at the same time no fresh short sellers also. The Nifty Fut has support around 4389 - 4402 levels. Todays movment confirms this. Moreorless all bad
news about Inflaion, Rate Hike, Slow Down is facotred in the markets. FIIs few
years back were positive on Indian mkts when they say growth rate of India near
5 - 6 % and now even if Indian mkts gvs growth rate of 7 -8.5% there should be no
reason for bearish on mkts, I feel one can buy for one year forward for decent
returns.
Regds,
Vipin Bhandari