Indianomics!

Sensex may take a plunge by the end of April following cues from the International Markets.

Trade and other services were recently hit by the Airspace closure in Europe and it has affected many businesses as much as the travellers alike. Add to that the Goldman Sachs fraud will only come more clear this weekend which can lead to much needed correction in the market.

Activity in the market will increase by May and expect good returns.

After an unintended performance and scare rain falls you ofcourse can’t expect a blockbuster from markets. But the story lies elsewhere. With some of the economies around the world recovering a wee little bit, expect a slight jump in FII investment. After the reports that the tax heaven Cayman islands based hedge funds may get an easier entry to trade in India, things may just slightly pull up from here. Expect a pull back to 15,500 levels in the initial period how ever the end result will be around a sub 15k levels as it is today. The ideal level to trade at would be 14,600 if the present market continues its downward rally. Place some risks in auto sector, pharma and infrastructre. There may pay off by a small profit if exits are possible at 15k levels.