As pointed in my previous forecast NIFTY moved up on low dollar volume trading in the event of Thanks Giving Long Weekend Holiday in US. So, dollar weakened eventually all the global markets moved up last week. My previous forecast on NIFTY didnot hit neither the TARGET(S) nor the STOP LOSS so i assume previous forecast will still hold good this week too. Contrarily two big events and NEWS releases are lined up this week may surprise on the UPSIDE. NIFTY has run up 170 points LAST WEEK due to weak/low volumes of dollar the eve of thanks giving holiday weekend in US. With US Non Farm Payroll data and State election results round the corner this week NIFTY is likely to move up next few days with an exception on tuesday. Generally markets are weak(trade in red)on tuesday meaning markets will touch low before going up.
