Now that sensex crossed 18000 mark and closed above this psychological level on second day too.
Now the events to observe are RBI credit policy, Q1 results analysis. Till now all the results are good. RBI credit policy will be over in a couple of days.
As per F&O data every thing is positive. FII data is positive in cash market segment. Globla cues are turning to positive. It is expected a positive trading on Monday too but for the next three days of settlement will be flat to downward bias. Settlement is expected to close at 18K sensex and Nifty 5450-5500 zone.
But, the continuation rally is expected for the next settlement nifty target to 5600 with a stop loss 5300.
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