As said Indian markets surprised with last hour rally in RIL, Banking , and IT counters led markets to 07 month high propelled with FII, DII and MF investments.
US markets and Asian markets are trading in narrow band and Positive.
The Indian markets are witnessing huge investments leading to new High and election scenario may spoil the scene in coming days. The exit polls will be starting in todays evening and markets may take cues accordingly. Most investors preferred to stay on Cash.
Today’s markets are crucial to hold on to the support levels of 3500, but huge build up on 3500 put witnesses that there sceptism about rally.
DLF may face huge volatility due to promoters stake dilution and in today’s markets they are going to sell 9.5 crores shares for raising 3500cr .
Suzlon also facing some of technical problems. It counters may face heavy profit booking.
Overall we advice members to be cautious and keep watch FII movements.
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