Monday, April 4, 2011

Sensex outlook - April 2011

I rightly predicted a credible pull back. It happened by fag end of March. Sensex recovered from 18200 levels to 19200 levels and Nifty to 5800 levels from 5300.

What is in store during April 2011 ?

Q4 and full year numbers, FX volatility impact on margins to watch out for. I expect moderate sideways movement as we have pulled up considerable in March.

Range could be 5650 to 6100. Sintex, Bajaj Holding could gain this month.