Equity Market Pundit

Hi All
As expected the point the levels of 3851 would posses a bit of resistance to the market as it did on the intraday basis. The nifty however managed to cross this level and close above this. Now the question remains where will it land in future ? Will it sustain its momentum...? Well its time who will answer that questions but we can try to predict the levels...

I think having passed the levels of 3851-3853 we have a upside still remaining and it chould easily touch 3881 which may again be a point of resistance from where the market can slide upto 3817 or may be 3802.

The next level for nifty which would be crucial for medium term would be 3940-49 level.

While I still see the upward target for Nifty to be 4068 and then may be a target of 4417 in a long term but beforre that a correction should come in which may be a bit stronger which may bring the nifty to the 3789 to 3617 levels and we could se this happening at the levels of 4068 at the earliest.

Thank you

Happy Investing