Nifty Outlook : The market last week did as we expected. Going forward the market is still looks in the hands of bear. People its a war out there this week. Bulls will try to regain thier lost kingdom and bears are in bushes for almost 8 months. Bears did tried to attack the bulls in between but lost. On Friday the market made a shooting star(although i wished i could see the shooting star at the top of the rally) but it neverthless showed bulls are now tiered of running this rally and slowly the bears will take over. The market is in range of 5181 to 4968. Any close below 4968 level will start trigering sell calls for the analysts. Any close below 4900 will trigger intermediate correction. If breach below 4900 is confirmed the market will easily slide down to 4750.
