Markets were up today, the BSE sensex was up by 145.71 points at 28301.27 and the Nifty was up by 53 points at 8778. Markets have recovered due to short covering after selling pressure. In the Auto segment Tata Motors and Maruti have gained. Distinguished technical analyst Ashwani Gujral says that Nifty will continue to remain choppy till it crosses 8820 mark as their seems to be no big money coming into the market. No exciting things are happening and the elections in U.P. , Uttarkhand,Punjab results are due which will have a political impact.
If you observe 2016 and now a lot of shares have given good returns. Examples are CCL Products, Sundaram Fasteners and City Union Bank are a few examples. One should concentrate on a few shares and invest or trade instead of the market.A lot of call writing has taken place , which is a downward pressure on the market. So I expect markets to be downward for sometime. Happy Investing and Trading.
