Volatility may remain continue in our Indian market for next week also. As I have indicated last week that we will see volatile week ahead. I am still bullish with cautiousness in market. Nifty strong support is near at 5815. Watch this level if hold on Monday session then we may expect a recovery. I highly expect nifty may touch 6100 before any big correction. There is a buy opportunity in nifty at lower level. Trend will enter in negative zone below 5802. Long term trend line support is now near 5735. Any close below this level we may see panic selling in the market. Fresh and confirm rally will start only above 5930 level. All global Indices is waiting for fiscal cliff solution. If solution is not reached to the result then negative impact may seen in the market. and under this situation Nifty may drag to long term trend line 5735 level. Negative divergence is visible on RSI and Slow stochastic, need to alert.
