The Nifty today is at the monthly and weekly close.The bulls would like to close it above 6281 and the bears below 6197 to decide the future trend of the market.The global cues give a positive out look.The GDP numbers coming out today give a positive outlook too.In any case the it is safe to buy above spot 6240 and sell below 6228...there could be some profit booking today and one needs to wait for it.The bank nifty could continue its journey towards 11k destination.
The market should essentially rise till 6300 to 6310 level after which we could see a steep fall taking us to the 5970 levels and may be beyond.This could happen when the s&p goes a little bit higher once the record level has crossed,and the market there cannot sustain any more.
The market should essentially rise till 6300 to 6310 level after which we could see a steep fall taking us to the 5970 levels and may be beyond.This could happen when the s&p goes a little bit higher once the record level has crossed,and the market there cannot sustain any more.