Monday we could see some rally in the Indian markets. This week the most exiting thing will be the Railway Budjet and the Financial Budjet(Is there some thing related to the leap year budjet, I mean any of the superstitions). The news of the Bonus shares in the ratio of 3:5 for the RPL counter will sure light it up. Also given that US markets ended quite well on Friday shall boast the markets. Also look out for Centurain bank of Punjab(Although it is a news now and not a rumor)
For Monday 5184 on the nifty could be a serous resistance followed by 5200 and then 5241. Overall we should still remember that we still have one gap left around 14500 to be filled. So I think in this market whatever be the euphoria just go short on very high you see touching the trendline.
Labels: Nifty watch
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