Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 16.05. 2021                                 NIFTY SPOT : 14677.80

                                                                                                         

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Nifty moved in the range and respected our level of 14643.

It was mentioned that below it Nifty is weak.

It was mentioned to just step aside from the Markets for the week.

Midcap stocks came down like anything.

 

Now what :-

Now in the coming week also Nifty is expected to be volatile and it is expected that in this week itself Nifty will decide its path.

For that keep in mind the level of 14643 below it Nifty is weak and on the upside 14851 above it Nifty is bullish.

I personally expect that in the next 3 days Nifty might decide its path.

Thus the strategy is to be cautious initially and keep in mind the levels mentioned and play accordingly.

And specifically for the upside keep an eye on Bank Nifty. For any upside Bank Nifty has to support it.

 

 

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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