On the week ending 28 April, Weekly candle made a bullish candle. This week market again broke all time high,
but not able to sustain. Good result on
ICICI Bank helped Index to hold from
falling.
FIIS are sellers in both cash and
derivatives, which is give a question mark to current up trend could
sustain. Investors could be cautious in
this level. Because Nifty PE level is
above 23.5.
Market is making higher highs from January onwards. So until it make lower low, my view will be
bullish on the market.
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