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Only Above 5360 bulls come
Indian stocks are likely to gap up marginally and might see decent gains across the board on positive global cues and as the budget overhang subsides
Worst appears to be appear for the short term as Dalal Street is likely to go north bound. Nifty is likely to touch 5600 as the first target and take it on from there. We expect volatility to slide in the coming days. We also believe a solution to Libya is round the corner but US appears to be escalating the tensions by moving their warships near to Libya.
Crude Oil is likely to consolidate around 90 levels in the short term. Oil marketing companies are likely to witness buying interest as reports of petrol hike is doing rounds. But forthcoming elections might hold off the same.
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