In the early session, everyone in the markets were confused on which way the markets are going to move. In the early trading hours Nifty and Sensex both traded in the positive and the negative zone. At times Nifty was down by around 30 points and Sensex by just 3 points. Nifty future was trading at huge discount of 60 points. Sensex rallied up around 150 points but closed below. Senssex closed 500 points down at 12961 below then psycological figure of 13000 and Nifty below 4000 at 3884.
In the between the trading hours the Nifty discount was less at 30-35 points but again widened in the closing hours. In the previous blog i had clearly mentioned that the Nifty target is 3850. There is no positive news to pull back the markets. FII's are net sellers even at these levels. Nifty has a good support at 3850-3725. According to me investors should start buying in the small quantity with the minimum investment period of a year.
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