The Week Ahead.
We should rally to 5870 - 5900 levels and in all probability expect heavy profit booking .
The Chart pattern confirms negative divergence on the Nifty, though the indicators do not confirm a Intermediate sell mode.
We need a close above 6010 on the Nifty or any day to confirm bullishness .
We need a close below 5600 this weekend to confirm the bearish target of 5250 - 5300.
We are closed tomorrow and settlement on thursday. Volatility to be at its peak.
Trade the levels and in small lots if you must.