Markets - Expiry likely to be volatile
Markets are unlikely to have a smooth F&O expiry session today. While it is extremely tough to take sides, the open interest data still points to a 5500 close on Nifty which appears tough prima facie.
We believe majority of the stocks are forming bottoms and except for Libya crisis Dalal Street might have taken off next week. Budget might surprise analyst community and the market as there are minor or no expectations.
Few more days of downturn is possible but we are almost there.
Today's Below................5420.00 Mark....Once Again...Favours Bears Only...Below that Mark...NIFTY FUTURE , is Likely to Hit......5400.00 and 5366.00 too .............................So Watch Carefully......