If market will cross above 7500 and remain at it for couple of days, then trend reversal is obvious
By Vijay Kumar
It as inevitable to retrace the lost ground of NIFTY before the presentation of budget, but after the budget the market did it.The General Budget presented by the BJP government is liked by common people and the Market.
If in the coming week market will cross above 7500 and remain at it for couple of days, then trend reversal is obvious. But probability of trend reversal is low. Market is going to fall slowly and slowly. Probablity of falling is high.
Therefore, it’s good time to short the market .As per my opinion, be in short side. NIFTY will try to touch the bottom of 6800.
If, it falls hopefully market will loose gains in this week.
Reason for this is macro factors not micros. Indian economy is doing well with projected GDP growth 7.5%. However, Global issues are main reasons.
(The writer is a Stock Market & Business Analyst and can be contacted at firstname.lastname@example.org)