Seeking lasting gains - IIFL

When it comes to the market, you really cannot afford to fall in love with any stock. Come April 1 and you will have Wipro and Siemen's stepping out of the Nifty making way for IndusInd Bank and NMDC to come in.

The market is expected to open on a positive note. The cues are more or less healthy early in the day. Besides major results like SBI and Tata Motors, investors will pay close attention to WPI data for the month of January. Some easing is expected here but RBI's comfort zone is in the 5% range. The Nifty failed to sustain above 5960 hinting that the pullback may soon be over. The Nifty is likely to oscillate in the trading range of 5860-5960.

Asian markets are mostly higher with Japan's Nikkei 225, Hong Kong 's Hang Seng and South Korea's Kospi index trading 0.02-0.07% per cent higher. Japanese gross domestic product contracted an annualized 0.4% in the three months through December. The two-day Bank of Japan policy meeting will conclude today.

Source : Equity Bulls

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