The slowing of downside momentum in the market is still not leading to comeback of bulls from the lows. Any attempt of side bounce is unlikely to hold for next week and Nifty could witness selling pressure on every rise.
The sharp comeback of bulls from the lows is intact and Nifty is placed to show more upside for near term. Any
intraweek/mid-week corrections could be short lived and could be a buy on dips opportunity in the market.