The Nifty behaved exactly as predicted, it could not break the ceiling at 6120 hence it did what it could do that is break the lower level and this was done but the index did retain the 6000 boundary.The nifty may enter the demand zone of 5970 to 5950 (nifty trading range is 5950 to 6100) and if it bounces back from it then we could see some quick recovery.The PCR is 0.90 which is signalling an over sold level.
The vote on account on monday by the finance minister, which could give a pleasant surprise, as well as SBI result along with the WPI numbers, which should be better can see the nifty come back to respectable levels.
The vote on account on monday by the finance minister, which could give a pleasant surprise, as well as SBI result along with the WPI numbers, which should be better can see the nifty come back to respectable levels.