Wednesday, March 20, 2013

Nifty's Future

Market/Nifty  is Not Bullish now when it breached 5900-5920 band downside as Intermediate term [*IT]
And Not Bullish for Long term as well after broke below 5800-5820 band.
I'm not in Trade long or short as of now as technically not suggested from charts , will convey when it comes.
Regarding levels of NIftyFut, it found resistance many times on roof around 6000 levels. As far as correction is concern it looks more "Time correction" ahead rather than "Price correction" for markets if upside remains capped .  
Longer term Investors could buy/average on those time corrections easily as market stays longer in consolidation levels.
 
happy Investing n trading