We maintained our cautious view for continous 3 weeks & we have been correct in our view. Coming week may be too a volatile period. High-Inflation is also causing problems.Government has postponed Fuel price rise to next week, with a thought that Crude-Oil may ease off and they might escape with hike in prices.
In Short:
NIFTY is strong above 4920 for upmove upto 4955-4980-5020
NIFTY is weak below 4880 for downmove upto 4825-4800-4784-4700
Trade with cautious & better be hedged.
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