Stocks are likely to witness decent upmove from here on. We are betting on midcap stocks in the next few days. But we believe 5400 is likely to be tested one more time this month and any severe bounce off that levels is likely to end the bear party.
Inflation is likely to shed weight drastically in the next two weeks and expectations of budget sops might keep the bulls pumping. All in all at least part of the bearish cloud seems to have passed out
Today's Above.............5548.90 NIFTY FUTURE Manage to hit that Mark....than.................5582.00
But Only and Only Below..................5500.00 Mark......If In Any Case , Break that Mark...Only than Expect Real Downside on the Bourses....and NIFTY FUTURE...May Try to Hit..............5473.00