NIFTY never crossed high of channel shown in below chart and continue to move down. Market was in tight range and holding same since long time and given breakdown on downside .
Nifty current view : Time to start investment .This will be golden investment of your life time rembember the same as many midcaps and heavy weight are lowest point of weekly support.
Some of our picks : Investment can be done in Bank nifty near 9340 ,Tatamotor near 732-740, Hindalco near 131. Icici bank near 790-810 .
Downside risk is lower here according to us as there is derivative expiry in 5 days and History reveals a good bounce from weekly support .
Regards
Nifty TrendsTeam .
