MARKET OUTLOOK

29th April ended giving a mixed trend to market. During the last hours US markets managed to close in a positive trend. Asian Market was mixed and European Market was flat to positive. Beginning of fresh month and last weeks correction may lead to a small pull back to higher level. But we see that market will go to a bull face only if Nifty closes above 5935. Over all Market sentiments is flat to negative. In such a situation we expect a stock specific action and traders are advised to maintain strict stop loss. On Monday market may show minimum positive trend and if Nifty trades above 70 points up above from current level we can get a good week.