|Market This Week
||As predicted in the last market view, NIFTY fell to 5550 levels in no time. This level is going to be crucial for us because if this level is taken off we would see a level of 5450 soon. This week we expect the NIFTY to consolidate between 5550-5650. The level of 5650 would come as a strong resistance. The current levels that we are trading in just tells us to be extra cautious as there is huge volatility. We are putting in extra effort to filter out stocks and hence there may not be many recommendations. Low risk investors should stay out of the market. High risk investors should be stock specific. However they should not over trade either. Let’s hope that quarterly results bring in some good news soon.