Hi friends, hope trading are going well, last week I updated about HDFC and BHARTIARTL, where HDFC has given a good return and BHARTIARTL has given little losses, but overall return upon trading capital is good in this kind of market. And now friends there are so many sell calls and so many people are already enter into bearish mode. But I am till hopeful, I think till NIFTY may come down 40 to 60 point, and if happen early in next week it will be a healthy correction. On weekly chart there is a demand zone @ 5823-5860, and the next demand zone 5626-5643, therefore unless and until NIFTY break 5820, it should be consider as a very good opportunity for a long side on NIFTY, as per my view, it will be wise to be bearish only after NIFTY breaches 5820, in that case next destination is 5643. Personally I am praying for NIFTY may open a gap down opening of near around 40-50 point @ DZ and it will be a very good opportunity for us with a very little stop loss, while other will in panic lets make some money. Wish you all may the coming week be profitable for you all.
