Last week our markets started with a rally.But failed to continue the rally due to the global weakness and expectation of petroleum price hike.US Pre owned home sale down unexpectedly.This factor also affected the markets slightly.But some sectors like oil and gas out performed.ADAG stocks also out performed.
Now the market is expected to move sideways.Be cautious while trading.Keep strict stop loss in all trades.
Monday Nifty have to breach 5303 and stays above 5286 with good volume to become bullish.Then expected higher targets for the week are 5370,5400 and 5440.If Nifty breaches 5235 and stays below 5252 then NIFTY is weak.Then expected lower targets are 5210,5192 and 5130.
If SENSEX breaches 17667 and stays above 17621 with good volume then possible upper targets are 17770,17940,18050 and 18180.If Sensex crosses 17482 and stays below 17528 level then Sensex is weak.Then expected lower targets are 17380,17210 and 17080.
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