|Market This Week
||Last week the NIFTY closed at 5970. Reasons being, chances of a rate cute, SHORT covering and FII buying. The markets have been on a positive trend for the last couple of weeks. We will have to wait and see if the NIFTY can cross 6000 levels. If it crosses this level then it would be a good phase to commit our money. On the contrary, if the NIFTTY touches levels of 5800 and moves below it, then it would retest the low levels of 5650 again. That would be a good time to go SHORT. Basically, we need a confirmed trend and till the time NIFTY keeps trading in this range, we need to be cautious. This week too, the NIFTY is likely to be range bound between 5800 and 5950. We need to trade cautiously.