|Market This Week
||The markets have been in a bad shape since last couple of weeks. The US markets have performed badly over the last week and the rupee has moved below 61 to the dollar which adds up all to the bad times. To cut the story short, on the charts the NIFTY has shown two opposite patterns, bullish and bearish in a short duration. We need to watch the next couple of weeks carefully to get the next direction. 5450 would act as a major support and if this support is broken, the markets would bleed further to 5250-5300. On the higher side, NIFTY could touch the 5700 mark. Let’s trade cautiously for this week by following strict stop losses. We are not in a very good shape for sure.