Weaken in Oil markets, Nifty don’t care

After opec meeting closed without any consensus, Oil fell in the world markets, Japan earthquake also has impact on its index, it fell sharply. Inspite of global issues, nifty shown stable open, and looking forward to reach the 50% retracement level from the current low. Infy results will add more weightage to the nifty. Infy performance was outstanding in the last quarter. TCS results expected today and will be inline with Infy results. Overall nifty index looks more bullish. We took a position on Nifty Index

NSEFO NIFTY 28Apr2016 B  18/04/2016 10:27:50 FullyExecuted 7893.00