MARKETS AND EXPIRY

Markets for the current week with reference to earlier section ie., the range of 11350 and 11450 the markets reacted to 11350 only to bounce back accordingly and yesterday it closed at 11354 only to bounce back today at 11400, from here it seems to scale 11444 level and expected to to be in the range of 11425 to 11500.

Two days are left for Expiry which is expected to be some where between 11420 and 11460 but still depends on tomorrows closing. Any how from Friday ie., after Expiry we can expect some growth in the market.

Growth can start from Friday or Monday but the beginning will be from the Thrusdays closing and above 11680. Market being in the Bull Phase some good stock at their lowest level are available because of the Roll Over.

To repeat in Nifty IT , TCS, and Infy are the best at their lowest at never to be available at this rate in future Mind Tree as mentioned earlier 942 is at its lowest level to day is near 950 and shortly heading to 1050.

In Nifty FMCG, Hindunilever at 1680, Jubliant Food at 1450 and Godrej Consumer at 690,

PHARM ( BIOCON AT RS.612 IS BEST WITH FUNDALMENTAL AND TECHNICALLY AND ROCK BOTTOM OF RS.612)

Finally Nifty IT looks very attractive since it is well corrected and attractive levels at which TCS and INFY, MINDTREE are available.

Markets beginning 1st March till 22nd March 2019 were the best so far in 2019 giving the growth of 700 Nifty points, which leads us to questions regarding the corrections or further upside (SURPRISE ELEMENT). Technically the markets upside started from 11200 from where we can define as bullish zone. There is a range from 11250 to 11680 where the markets will keep moving, but the second upside of the market is only above 11680 which is certainly not till the March Expiry. The Markets are like to be in the range of 11450 to 11350 to 11250, but most probably likely to bounce back if reacted to 11350 and 11250 does not seem a possibility.

Nifty IT is well corrected and on the rise with all the three heavy weights in its index ready for good upside. TCS beginning at 2000 heading towards Rs. 2300 pending 10 to 15% growth. Infy confirmed heading towards Rs.800. (BUYBACK BY PROMOTORS). MINDTREE, at 942 which is at its lowest level technically which is at its 200 days moving average from where it must go up.

NIFTY FMCG is another well corrected and ready for the rise with some of them., like Jubliant Food, Hindunivlever and Colgate and Godjreg Cons, Tata Global.

The next week being the week of Expiry will be worth watching the Nifty Expiry and the different sectors reacting accordingly, But it is going to be full of surprises with new tops and few corrections.