- In the background of the Nifty touching 11,150 prior to the Union Budget, the fiscal year closing for the Nifty will go down as disappointing. The big data point this week will be the RBI meet on 05th April for the monetary policy.
- With the pressure of the year end selling concluded, the markets may be able to take a more reasonable view of the markets. IT could be the joker in the pack with the INR looking all set to depreciate from current levels.
- FIIs were net sellers to the tune of Rs.(-1191) crores while DFIs bought Rs.1961 crore on Wednesday. With four bank holidays behind, the markets are likely to see muted institutional flows on Monday.
- While it was a long trading week end for India, other markets like the Dow, NASDAQ, European markets as well as Asian markets showed good strength in the latter half of the week. SGX is flat and the reaction is likely to be muted.
- Automobiles could be the big theme after the stellar monthly numbers. We like Tata Motors at Rs.327 after its 35% growth. We target a price of Rs.435 in Tata Motors in 1 quarter. We also like Maruti for 10% upsides from these levels.
- Apart from RBL Bank, one can also look at Bandhan Bank at lower levels. If you get the stock close to 420-430 levels, it could offer a good value proposition considering its very strong micro finance business franchise.
- With Syngene moving up the value chain and also adding API manufacturing to its portfolio, we like the stock at the current price of Rs.590 for targets of Rs.650 in 15-20 days time frame. One needs to take an investment view.
- The trading may be a little choppy after a string of bank holidays but with positive cues from abroad, the Nifty may try to scale back to 10,200 levels.
