Throughout the week Nifty was in a bearish mode. The closing of last week was on dangerous ground in that from here it can go anywhere. Unless it manages to stay well above the 5790 mark with good volumes on the opening trade next weeks, it can slide down to 5575 levels and if that support is taken away then it can test 5450. However if it stays above 5870 a short term bullish trend can not be ruled out. Ohterwise it's a sell on rally market.
No comments:
Post a Comment