18 May 15:40

10:30

14:35

The Story at 1:45 PM

It helps me to stay awake..

Weekly Outlook

More Later..

Weekly Outlook

There has been a lot of confusion as to regards to Nifty's Direction for last few trading sessions. So here is my take on it:

1. Nifty is in long term uptrend.
2. Investors can buy with eyes closed everytime it corrects at least 10% in a month and average their positions.
3. In the coming week traders could look to trade Nifty in the upward direction. Immediate Resistances are 5310-5340, while immediate supports are 5200-5220.
4. After reaching a high of 6338.50, Nifty is clearly doing a flat correction. Current B minor could take Nifty to 5650 to 5950 odd levels. That could be within next couple of months.