After three weeks of consecutive positive trend, the key benchmark indices halted on the week ended 14 Mar, 2014 and closed flat. The volatility was high during the week and selling pressure witnessed in IT and Metal stocks. Weakness in global indices also makes the sentiment negative. Going ahead, US FOMC outcome is the next major trigger for the market. Trend in investment by foreign institutional investors (FIIs), trend in other global emerging markets, the movement of rupee against the dollar and crude oil price movement will also hold key.
Techno- Funda Recommendation
Though the prevailing trend of benchmark index is up in our technical trend sheet of our daily newsletter but considering the present market situation and already running positions, we are not initiating fresh recommendation this week. For pending recommendations, we have updated all the relevant information.