Outlook 6- Apr

Market opened gap up & tested 3300 levels on the opening
note. In the first half, profit taking across the board retraced it
to test last trading session's high. There was stock specific
movement throughout the day while the move was quite
choppy among the index majors. Keeping in mind the current
levels, minor retracement will add strength to the ongoing
trend. Mid cap stocks were remained buoyant, as a result the
market breadth was inclined strongly on the bullish side.
Technically, as we have mentioned in our earlier newsletters
that 3400 levels is likely to be tested but sustainability above
3150 level is important on the weekly charts for extension
beyond 3400 levels