As i already told last week that market this Under consolidation ,not in big correction.These are the month where market consolidate for longer time every year.May,June ,July and mid August may be a consolidation period,higher side Nifty will be 5500 and lower side 4750.
Best Tips in Consolidation Period : During Bearish and Bullish market every stock moves either downward or upward,but in Consolidation market ,some stock goes under correction and some moves up.total news driven.
So best tips in this time is that go to stock specific rather than sector and market .Like this time
IT sector ( infy ,tcs,wipro,satyam ) and ABB,L&T .Also steel sector ( only tata steel,ISPAT )and telecom sector ( Maharastra tata telecome, tata communication,reliance communication ) good bet this time.
If you say specific to next week so market will be fairly in range of 4800-5100.But after a may month , i think this month in first two week market moves upward and try to touch 5300.
So next two week is very important for earning and get short term return.
Best of luck and ready for it.
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