Market Outlook On broder basis

Dear All,

Nifty closes Above 4958 and Showed Strong Momentum. Now what Next .............In Our last post we said according to classical Technical analysis if Nifty closes above 4850 we will see target of 4972----5150 levels we maintain that stand and Suggest Buy on dips with stoploss placed at 4790 on closing basis.

Thanks & Regards

Abhay Mehrotra