I took a bullish view for the next month first two weeks and even to this month settlement may be in bullish nature after a considerable correction in the 2nd part of week. This may a last trap rally for small and medium term investors (who are with money on side ways for bottom fishing). This rally swallows small investors' money and markets will go for bottom out which may be a prolonged slow bare phase. This may be for one to 1 & half years.
Levels for this rally may be seen from the chart. Monday and tuesday may be bullish and next bearish but later week market will be bullish and closing may be above nifty 3000-3200.
No comments:
Post a Comment