NIFTY THIS WEEK
Nifty traded in a tight range. In the weekly price chart nifty is still above the 50 EMA. FII’s had bought for 1906.65 crores. 5300 level is strong resistant for nifty would it can move with good volume then we may a see a big surge coming days.

NIFTY NEXT WEEK
Technically in the price chart a breakout had formed. For past 7 weeks nlifty had been closing higher than its previous close. In addition the FII’s buying was very encouraging. From 26 Feb. they had remained net buyers and had not sold single day. Would upside breakout happens, as I, expect then we may see a 350 points rally in nifty. I expect the nifty trading range would be between 5220 – 5570. let’s see what happens.
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