Friday Nifty closed at 5544.75, 58.60 points in green.
Expect correction next week. Because the fundamental side is not good.There are so many reasons to believe that.
#First thing is that Q4 result of various companies was not so good.
#Inflation is still not in the control, the rate will again increase in the coming weeks because of the price hike in petrol.
#High crude oil price.
#The problems and controversies associated with the issues of long term GDP growth.
#FII's are now on the selling side.
In order to start the money flow into the Indian market by FII's, the government should take necessary actions.
I think the major support level for Nifty will be 5680. This level is very crucial. There is no chance for crossing that limit in this particular scenario.
Good investment point for retail investors are in the 5340 to 5400. Observe these levels and make appropriate decisions.
Current buying is not advisable in the current market level, because the downward trend will continue at least for 1 month.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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