MONTHLY closing for Nifty was very positive.
The Teji has completed 8th WEEK.
DAILY closing has crossed 200 DMA and staying above.
* *
All positive, but negatives still haunt :
- Overbought situation.
- Poor performances of Corporates.
- Servicing of Capital is decreasing due to Equity Expansion.
- Fund flow is increasing but slow down is still intact.
- Jobless Index is still in Rising Trend.
- Monsoon will be normal as per Govt.data.
So take very much cautious view.
Two close above 3520, Nifty may lead to 3900-3950.
No comments:
Post a Comment