Good Morning Friends,
With above title, I do not mean that market will rise by today itself. As it has closed above 15800 and so that's base to assume that we can visit 16000 marks sooner. This consolidation has one dip also which is good to take out weak hand.
I must say that we are far away from the levels of 15300 which remains base line support of this rise. If unexpected does not happen then 16000 is some thing that we can assume by this week only. Condition is that it must save the support of 15650 to 15600 levels.
Well, Can I say same for BANKNIFTY, may be note. it looks like participation will come from old economy stocks like metals and pharma.
Happy Trading,
Praveen Kumar
