Opening Bell

Dow Jones Industrial average fell 50 points to close at 10,856.Asia opens on positive note backed by Bank of Japans quarterly Tankan survey of business sentiment released showed significantly less pessimism amoung the nations biggest firms,even as obstacles to recovery remained.Nifty opened with gap up following the asian peers,presently trading at 5276.The range for nifty remains same ,bullish above 5330 and bearish below 5242.Nifty for last 3 days has been moving within tht range.Either side break out will give direction to the trend.The chances of lower end bieng broken are high.Since we have a time cycle date coming on April 7th,we are some where close to a top or top is already made.For intraday the range is very small , break of 5270 will indicate weakness,and strength above 5290.

Opening Bell

US stocks traded flat for most of tuesdays session to finish fractionally higher.Asian markets are mostly lower.Nifty had a positive opening.Nifty trading below 5272 is bad.Traders can sell nifty future if spot trades below 5272 with a strict stop loss at 5300.A close below 5242 the present uptrend will end.So remain extremely cautious on long positions.Markets should top any time between now and April 7th the next time cycle date.

Opening Bell

On Monday US markets closed on positive note yet again.Sentiment seems to have picked up on positive step towards Greece managing its debt problems.Asian markets too are trading higher led by Japan.In India too markets yesterday made a new 2 year high.But one thing worrying is markets are making new highs on bad breadth and low volumes which is not a good sign for bulls.The main trend continues to be bullish,a close above 5330 will further boost the strength.If during intra nifty starts trading above 5325 then long positions can be built with stop loss at 5300.Till then there will be stock specific action.But investors and traders need to be very carefull from here on as we are approaching a time cycle date on April 7th.So any time between now and April 7th the markets could top.So maintain strict stop losses on all positions.