The Securities and Exchange Board of India (Sebi) met with its Board on September 30
Foreign investors had turned bearish on market ahead of exit polls, in sharp contrast to their positioning in the past two elections.
Derivatives and the structure of the Nifty are positive but some caution is required after a relentless rally of the past two months.
In the June series, so far, both FIIs and DIIs have remained net buyers in the cash-market segment to the tune of Rs 8,731 crore and Rs 1,373 crore, respectively.
In an interview to CNBC-TV18, Hemanth Thukral recommends buying Bajaj Auto keeping a stop loss of Rs 1920 and a target of Rs 2070 and selling BHEL keeping a stop loss of Rs 190 and a target of Rs 163
VK Sharma of HDFC Securities sees rupee pulling down all the companies that have foreign exposure and that will take the market down further.
On the downside, the Nifty won't break 5840-50 and the upside for June series is seen capped at 6150, says Amit Gupta of ICICI Direct.