Nifty - an DOJI week!!

The Nifty gets surely nervous as it approaches 5200 ... Market psychology and Market comfort zones in action!! ... (my particpants would know what these are )

Well, It seems we have another week with a DOJI candle on the Nifty. The daily charts are going sideway suggesting the inherent confusion.



Scrip specific moves are rampant. And I am sure those who traded Bharti Airtel (analysed on this blog on 4th Dec when price was Rs 315/-. The target indicated of Rs 345 is achieved...

I presume sector wise telecom remains good in a down move but we shall analyse the stocks at appropriate time..

I expect that the Nifty support now of 5065 is important and below this, slide of another 100+ points not ruled out ... Keep a watch on Reliance !

Happy trading

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.