Saturday, May 21, 2011

Market Status

Nifty_weekly_21_may_2011

Market, on the weekly basis, continues to be bearish.  Looking at the equidistant channel, on the daily chart, it looks like there is a possibility of a minor pullback during the first half of next week, if it closes above 5525. However, if NIFTY breaks below, 5411, then we may see fierce selling.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES