Markets were in a buoyant mood over the last week. Indian bourses started the week a tad below 15700 but soon shrugged off the negative bias and moved upwards. The upward trend continued for the next four days with the markets closing the week clocking an all time high on the Nifty.
The markets look well shaped to move further upwards and cross the critical 16000 levels on the Nifty. The pic below indicates that the Nifty has closed just above its resistance and should have enough legs to move towards 16200.
Good quality large and mid caps look good and attractively priced. Try to accumulate this stocks on regular intervals.
Stay Invested!!!
Happy Investing!!!
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