NSE:NIFTY   Nifty 50 Index
Intra-day down ward correction probability increased while close remains to the bulls. Overseas clues once again favour the bulls. However, increasing overbought in larger frames like weekly flag caution though they may not stop price moving higher. Still remains sell on rally though the base is getting higher on close basis now at 13420. Upside hurdle previous 13580 can extend another 30 points. Clearly the first one hour of trading (Morning as well as Monday) needs to be watched. We will be back after half hour into trading. Sumup.. .not to chase.

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