Market in narrow range everyone on street projecting themselves as smart traders .But this range will break soon in next 5 trading days . Getting to our old post we have projected dollar index in bull run and so did happened dollar index touch $88+ that was target .
There are some questions that making everyone think what to do? Last time when nifty was near 5400 world market was supportive Dow jones was above 10800. Now Nifty is near 5300 but Dow has corrected more than 1000 points , Is this justified ? What is holding Indian market ?
1. New Oil marketing policy
2 Ambani Brothers coming together
3 Less chance of Rate hike .
4. Expecting good result season of companies .
Comments are welcomed !!!!
Technical view :
Nifty : Breakout above 5346 will target 5410 ^ that new high.Till 5346 not crossed time to be carefull .5210 is immediate support for all falls .
