Hi All,
This week was a very fluctuating week, market is taking downtrend directions, it took sharp cuts this week and all the sectors equally took the beating. The numbers are following: the Sensex was down 3.4% and Nifty also down 3.4%. The CNX Midcap index was down 4.3% while BSE Smallcap index was down 4.5% over the week. BSE OilGas down 4.2%, BSE Metal down 4%, BSE Auto down 5%.
Now it is recommended by watching the current markets, one should avoid exposing himself to the realty sector.
Nifty Recommendation for Monday 31 Jan:-
Monday is the last trading day of this month, 5450-5350 is an important range for the Nifty and if the index breaks this range in the downside then it would go into long term downtrend, An investor can take long position in the index keeping 5450 as stop loss for a target of 5620.
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