Now market direction for next couple of weeks remains buy on dips as long as NIFTY is trading above 25285—25250 spot levels and nifty is wide open for upside 27700 levels which are currently visible on the charts.
From next week I'm expecting broader stock specific buying should start and other sectors which are beaten down start participating in the markets.
NOTE: CURRENT MOVEMENT SHOWING FRESH BO ON THE CHARTS SO WE HAVE TO ASSUME THAT TREND IS BULLISH TILL WE ARE ABOVE 25285—25250 SPOT LEVELS. ONLY BELOW FRESH WEAKENSS AND SELLING PRESSURE WILL BUILDI IN THE MARKET