Time to seed.........!!!

 Hello Readers !

Time for passive Investor to Turn Active.

Undoubtedly the confidence crisis has hurt the market sentiment which is further deteriorated by the weak set of nos by SBI. Bears has upper hand at the moment and sell on rise is the buzz. They are even successful.

The story is getting repeated again and again. Bears are not enjoying huge sell on top of the market because of the technical calls and every time they try to take charge of the market it happens on lower end of the market.

This time too the bears have taken charge around 5550 and last 150 odd points is in their favour. They will go short till 5300 probably but buy the time they go aggressive short to break the last leg of the market their average will come down to 5400 or below and market will rise by 200 odd points giving no chance to them either to make profit in a big way.

Nifty has a strong support around 5350 levels. Market can bounce back form these level.
Level to be watched.

5482.04

5448.58

5449.42

5459.43

1. 5482

   2.5528
   3.5555

Don't judge each day by the harvest you reap but by the seeds that you plant

  

Thanks & Regards

Dev Purohit