Stock Recomendations

On weekly chart Nifty formed strong bullish ternd up to 3500 level. But weekly chart suggest that for pure geniune breack out nifty have to sustain for at least two week above the all moving averages and the trend line resistance which is stand at 3550 level.

There is big resistance ahead for nifty but, MACD suggest that three bearish cycle complete and new bullish cycle start with this up trend suggest that we have bottomed out, but it not mean that we are now ride on bull. May be side way movement accur for next and current month also.

And above all don't forget the election result for the indian market the big event for all indian indices............

Have a nice trading......