The key benchmark indices closed flat in a volatile trading week. Market was choppy in most of the trading sessions on concern that foreign capital inflow will slow after the US Federal Reserve further reduced monetary stimulus for the US economy and signaled US interest rates will be raised. Going ahead, market may remain volatile as the near-month March 2014 F&O contracts expire on Thursday, 27 March 2014. Trend in investment by FIIs, trend in global markets, the movement of rupee against the dollar and crude oil price movement 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.