Nifty close below 3300 to be a bearish sign: Sharma
April 21st, 2009
VK Sharma, Anagram Stock Broking: I would advise traders to book profit. With huge Open Interest in 3300 Put, it is a key level to watch. A close below 3300 on the Nifty will give a bearish signal to the market. Banks may see shorting ahead of the Credit Policy.
Amitabh Chakraborty, Religare Securities: I expect the market to open with a negative bias on weak global cues. The Nifty may slip to 3100 over the medium-term before the uptrend resumes. The RBI is likely to announce rate cuts in the Credit Policy today. I am positive on private sector banks.