NIFTY AND MARKETS OUTLOOK FOR THE WEEK

NIFTY AND MARKETS OUTLOOK FOR THE WEEK

Dear friends,
This is nifty chart which i hve been using for my technical analysis. I hve drwn these trend lines well before a month and watching the market movement. Here, it is very clearly evident that, the nifty is moving up and down exactly just following the traders sentiment and technical indicators... bcoz, these days,,therez no enough strength in the global cues to effect the nifty momentum.


So, i am very confident, nifty will test once again the 4600 levels where it finds very strong resistance(may this reach towards 4600 will take time like some weeks) ...if it holds there for atleast one week or more, rush towards 5000 levels will be very fast...


I advise to buy in all dips and hold stocks with sl of 4250 nifty spot ... who knows if it crosses down,, the gap which was created during post election results Euphoria at 3600 to 4100 may be filled.

Best wishess