Weekly trend has been strong..Will it assert itself today?
During the week beginning, we had expected green most of the week and green it was.We had expected profit taking towards the close of the week and it emerged in the past two days.
So where can we anticipate the week to end?Here is how the waves look like...
Astrologically it is a SUN Day today. Sun is in Mercury.Sun is good for Nifty and Mercury is bad for Nifty. Since Sun is in the ascendant, we may expect Nifty to move positively.By 14.52 hrs, transiting Moon becomes conjunct with Natal Saturn. That could trigger selling again.
It is a quarter moon to boot. Looking at the sky for next week, it looks prudent not to carry over any long positions over the weekend.
Have a great trading day!