Trading on previous day shows that market took a pause at 18k of sensex. But all indicators are still positive. Global cues are - ve. Correction is going on. As per weekly charts the high for this week should be 5460. Then correction should be 5300-5180. This may happen on next Monday/Tuesday. Then after Infosys results from 15 th onwards markets may resume upward journey to nifty 5500+ levels. Book profits in Nifty future and call above 5400 with in two days and wait for buying opportunity at lower levels. No major corrections are expected within two months.
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