Monthly expiry week: Anil Singhvi reveals how market will trade this week, says today's session critical

As this is monthly expiry week, Zee Business Managing Editor Anil Singhvi revealed how it will shape trading and investment activities, starting today i.e. March 22. The Market Guru said March end usually sees less buying and selling activity. This is because everyone, including traders, investors and brokers, try to 'clean' their books before the end of current financial year. 

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"They want to sort out accounting related entries and do not want to show extra money on their books. So, Brokers limit their finance books, traders also try to keep their position as less as possible. This will somewhat reduce the action in the stock market," said Zee Business Managing Editor.  

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Talking about this week trading in general, he said From Monday's point of view, it is important how market closed on Friday.

"The closing last Friday ahead of the monthly expiry week usually sets the trend. This trend continues for 3 to 4 trading sessions. Since we saw a strong closing on Friday, the mood is set. If the Indian stock market manages to close in green today, we can say that we are heading towards a strong expiry, which could be around 14,900 to 15,000 range. Today's session will be 'make or break' session from expiry point of view. If we get a closing above 14,925 it is very strong indication, while a closing below 14,550 is very bad from monthly expiry point of view," concluded the Market Guru.