As informed earlier the Newsletter will not be posted this week as I am out for a small vacation.

In the absence of newsletter many of our readers have requested us to give some basic guideline as the market has fallen from the roof on Friday.

In fact, the GDP numbers were poor and hence the market has fallen off from the roof on Friday. Besides the market players are not sure of the RBI policy and hence they turned out as net sellers on Friday. Last week, Japanese market, has witnessed steep correction from its peak. However FIIs have supported the market at every level which is a good sign for the bulls.

As informed several times in our newsletter as long as Nifty closes above 5950 there is no worry. There may be a small support at 5900 but below which the Nifty would go down sharply.  Above 6030 there is no problem at all for bulls but it is finding it difficult to cross the 6200 mark.

Keeping this in mind please trade carefully and on 12^th of June we will cover about the market extensively.