The week gone by is a learning for the ones who want to understand what the word choppy market means. The only consistency was being inconsistent. Finally Nifty failed to hold above 6050. The giant Reliance results are out & are in line with the expectations. Now what do we expect here onward?
Bank Nifty is not willing to cooperate and has seen huge pressure. Unless Bank Nifty supports, Nifty can not move up.
Next week Thursday is expiry of this series. More companies will be announcing their results. Some them will down the index and some will try to pull it up. The choppy nature is expected to continue in the week to come.
How there are many stock which have kept their loyalty to Trend.
Ranbaxy, after retracing 50%, started it downward journey. Safe to assume that will continue to slide till 305 and can be good short sell idea.
Read for More Ideas......................
Trading Tip for the Week: Trend is your Friend. Trade by the side of trend. |
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