As per nifty EOD chart RSI and slow stochastic indicator is in sell mode and indicating down move and Nifty has hit two week low on friday.
As i have written in my previous post that a good great rally is due in Indian market, but non of you believed on my words and now after watching closing of all US and European market on Friday must would have started thinking about up move. Some green signal from global front can lift nifty up. By seeing this rally many of analyst would start talking about up move in the market on Monday now.
Why I have always been alerted you about the coming trend or move of the market before time. I should always be like others and start writing after happening the events. But I am helpless my dear friends, this is my style and I cant change it. Don't be short in nifty above 5380. Any two close above 5300 this time market will give smart jump to 5422-5500. I have also told you that I expect expiry above 5400-5500. Sgx nifty is indicating at 5270 watch this level carefully sustaining above this level till 11 am on monday will jump to 5330 level in hours only.