What I wrote is assuming people will not take their positions over weekend.
5550 -5625 is a major supply zone . I don't see it cross it that if crosses then we can say bullish rally has started again.
Other things to consider are
1- Today A-Nil was summoned at CBI office. SC's remark is very strong on him. So could be any thing.
2- Budget is near so we could see a rally till just before the budget.
But I feel FIIs will come in play only when the see value . And Market would be valued at 15xPE at around 15550 BSE.
Per bhayee log... I may be wrong..
5550 -5625 is a major supply zone . I don't see it cross it that if crosses then we can say bullish rally has started again.
Other things to consider are
1- Today A-Nil was summoned at CBI office. SC's remark is very strong on him. So could be any thing.
2- Budget is near so we could see a rally till just before the budget.
But I feel FIIs will come in play only when the see value . And Market would be valued at 15xPE at around 15550 BSE.
Per bhayee log... I may be wrong..
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