Near term view of the market

The market seems to have found some support at last and this is likely to give a trading opportunity. The sebi data reveals that FII's were net buyers to the tune of Rs 1364 crores on friday,april 4. This could be sign of the things to come. The result season is beginning soon and this is likely to affect the market performance to a large extent. The govt seems to be finding some feet as far as inflation is concerned and this is likely to be reflected in the weekly data's to come. One can buy for short term gains in this market keeping in mind ofcourse, the trend in the US market. Any negative sentiment there could play a spoilsport. I would be going in for petronet lng and rpl tommorow morning for trading purpose. I am also considering a strong investment in welspun gujrat keeping in mind that the demand is not likely to dry up as 250 citites would be opened for laying pipeline infrastructure. Moreover, the backward integeration steel plate plant is also likey to add to margins of ths company.