Posted By : Kishore B.S
THE MARKET OUTLOOK 27-03-2014
Expect the market to open on a flat note. US market fell half percent followed by Asian market down by half to one percent. Today is an expiry day expecting intraday volatility to be high?
The capital goods sector is the sector which was performing from last 2 months, although it moved more than 30% it further has a potential to give 10 to 15 percent.
Nifty inch by inch closing all-time high, need a strong support from the sectors to reach 6800. Bank Nifty has lot of potential to move higher because all the PSU banks are in focus. Because of their aggressive NPA restructuring supported by the leading global brokerage upgraded their view from neutral to buy.