Yes, that was the case with me, so much to do, too lazy to write even a few hundred words. Traveling, Family obligations probably anything i can think of, was there to stop me to write. At times the money bug bit me and anything that was not money eluded me from doing it. Ok...... let me not sound depressed. Writing & Markets are in my blood and cannot remain far from it and after going through a number of blogs found that writing words or para's is not very important. But the message should be sent. even if it is in 160 characters. My twitter followers got in time messages for the fall in Nifty and Gold too.
This weekend was equally tight on schedules, but i had to start someday, then why not today.
Nifty - Week ahead
The fall was clear on the 5th Jan when nifty first broke 6070.
Nifty remains bearish for the week ahead and can touch 5350 in this fall.
Incase you want to short the markets on monday then wait for Nifty to rise till 5560-70 levels. This should be a nice point where markets will face resistance.
Nifty remains bearish for the week ahead and can touch 5350 in this fall.
Incase you want to short the markets on monday then wait for Nifty to rise till 5560-70 levels. This should be a nice point where markets will face resistance.
There are no signals on the charts to suggest any bull runs but to remain on the safe side keep any close above 5600 as a point to turn bullish.
Can markets go below 5350 in the next week?
NO, probability is very low but a prudent approach would be to buy markets once they stop their downside momentum and give the first signs of bottoming out.
Happy trading!!
I am back in action and will keep sharing my ideas on topdataindia.blogspot.com & www.twitter.com/topdataindia.
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