Sunday, May 15, 2011

Nifty 16 May 2011 to 20 May 2011.

The 5544.75 mark where it closed last week is a critical point and therefore totally inconclusive although the markets staged a smart comeback on Friday the 13th just like it did on Friday the 6th. However unless  the  Nifty stays conclusively above the 5675 mark on Monday with good volumes, it still is a sell on rally. Fresh buying will emerge only above the 5775 mark. The 5340 mark must act as a support.

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