30/05/2016
Last series was largely range bound until huge buying came in last week. Nifty broke out of the range on upper side. Next level which we were watching closely was 8030. It was also broken convincingly. Hence, we believe that Bullish tone will remain and take Nifty spot to 8260-8330 levels.
Any dip in the mkt will be seen as a buying opportunity. Support for this mkt are 7930-7880 (Chances are very remote for this to be broken).
Many stocks have given positive break-out.
So we strongly advise to be long in sectors like Banks, housing finance cos,Real Estate, Metals , Capital goods.
If our view changes due to coming poilicies of central banks or any other event, it will be duly communicated.
-NiFTY RiDERS