Sunday, February 5, 2012

Nifty to rally more this week...Bulls still in control


Last week nifty again showed strength closing 162 points higher. In my last week's opinion, I had mentioned that Nifty is in strong bull hands and safe positions were long positions. Anyone who took that seriously, stood to benefit.

Nifty view for the week Starting Monday 06 Feb 12 -
Nifty still remains in a secular up trend and with lots of energy. Expect Nifty to show levels of 5350/5370/5400/Higher this week.
On the down side Nifty has support at 5260-5240 zone and 5210-5185 zone. This remains the base level for Nifty in the near future and there are little chances that this levels would be broken easily on the down side.
The safe position remains long for the current week.

I have been posting a lot of stocks and stock futures since last week. Keep track of each investment opportunity through comments under each one of them.

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