INFO:

Nifty 50 and Nifty Bank index fell well beyond our expected levels last week. On Friday the indices have bounced back sharply from their lows recovering some of the loss. It is not important to see if the Nifty 50 and the Bank Nifty indices are getting a strong follow-through rise from here or not. We suggest everyone to remain careful. We prefer to stay out of the market this week and just watch the price action for clarity.