Nifty

Financial Year end’s with a confusion!

Nifty has been pretty confusing in last 3 weeks of trading where we have almost seen 6 Doji’s  on daily chart with represents confusion on D-Street. Today also we have got a candle depicting  same characteristics as a Doji. Daily chart indicators have already entered overbought zone but still we haven’t got any clear confirmation for trade on either side from this point of market. Weekly charts are still suggesting a strong rally though intermediate waves could occur on the daily charts. We are approaching 200 day average which is around 7850 and one should remain cautious. Even Bank policy is in next 3 sessions so expect volatility to be at highest level. Though tomorrow move would tell us alot about what next to come. So sit tight for tomorrow flight!!!

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