It is recommended to buy Nifty on every decline though I would agree that Nifty is not giving you those kinds of moves which some of the individual stock patterns are suggesting. So, there is a good chance that Nifty may consolidate but that cannot be termed as weakness at all. I would suggest buy onto every decline, every correction, that is a better phrase, and I do not see 4800 being broken. So 4840-4850 can be a good buying level and 4930 to say the least is an intraday target, possibly it can even extend to 5000 maybe in this week or maybe another week.
0 comments:
Post a Comment