|Market This Week
||Last week we saw a little flash back rally as the SHORTS were covered. This week we could test 5750 on the NIFTY and if we could sustain at this level, then we could further move up. However the upward movement is looking difficult for now. The important support level for NIFTY would be 5600. If this support is taken off then we could soon witness 5550 in no time. The good news for us is that the earnings season is about to start. This is generally a good time to be stock specific and make money. In the coming times the Nifty may trade in a range of 5600-5900. The range will breakout if there is change in fundamentals like policy action. It has been observed that when NIFTY trades in a range, a lot of money making opportunities pop up.