In H2CY16 we could be seeing a lot more problem in terms of China, the Federal rate hikes, European worries and so on, says Shankarghal.

However, Nifty50 is likely to face some hurdle at around 8,400. The level is close to the index’s 200-day moving average.

Nifty50 is likely to face some hurdle at around 8,400; the level is close to the index’s 200-day moving average, says Shankarghal.

As the ongoing sell-off has taken some froth off the system, analysts are advising investors to start deploying cash in quality stocks.

With no immediate triggers in sight which could push the Sensex higher, analysts are worried that April would again remain volatile.

The analyst expects banking stocks to see a pullback of 5-6 per cent. He likes SBI and Axis Bank among the banking names.

The coming week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on...