Markets to continue Friday's run and may pause at 5380;
Bullish above 5330 for targets of 5360 and 5375;
Bearish below 5290 for targets of 5275 and 5260;
With global markets turning positive after the Friday developments in Egypt, barring any fresh negative events on domestic front, we will witness a mild pre-budget rally taking the nifty to 5460 and 5540 levels. Stay on the positive side and use every steep decline to take long position.
Rajan Iyer
Bullish above 5330 for targets of 5360 and 5375;
Bearish below 5290 for targets of 5275 and 5260;
With global markets turning positive after the Friday developments in Egypt, barring any fresh negative events on domestic front, we will witness a mild pre-budget rally taking the nifty to 5460 and 5540 levels. Stay on the positive side and use every steep decline to take long position.
Rajan Iyer
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