After A Long time

There cant be any excuses for a prolonged absence and failure.

So is true for me ... Cant give any excuses for this absence...and Sorry will not Work.

Coming to the point Nifty is really a tiring business since that last 3 months with bearish till mid of month and then rally for expiry.Will July be the Same.

On Friday NF got sold off from 200 SMA. Hence we have to respect the level.It broke below 5705 thus Targeting 5616 - 5605 on Monday. A break below 5605 will only bring panic till 5556-5545.

For Monday buying is suggested near 5605-5616 Level For an immediate target of 5680.One may Sell near 5705 too with a small SL.

Over all the trend is still bearish till we do not scale and close above 5920.Next week we may get 5490 where a good buying opportunity exists with a SL of 5445.


Stay with the trend and currently it is buy at supports and sell at resistances and play the 60-80 points game.