In the previous post I mentioned that if the market crossed the 5530 level, it can go up to 5630 level depending on the economic and political news.
The same thing happened this week. The strong global situation, low crude oil price, positive steps taken by the Government to control Inflation etc helped Indian markets in a positive way.
Today Nifty closed at 5647.40, 46.95 points in green. I think this is the best level of booking your profits, because market will be in the 5200-5600 range at least for the next 3 to 4 months.
See the percentage change of various sectors in the June series.
So expect a correction soon.........Book your profits.............Buying levels for next week will be published in the next post.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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