#NIFTY Weekend on the 16th of April.

The week started with the index failing to cross the crucial 9220 level. Another attempt was made after a day which again failed. On Friday we saw the poor INFY result pulling the index further down below another important level of 9175. The volume remained low which is good sign. It was a week were neither Demand nor Supply fully dominated the proceedings, a week when the smart money generally stayed away.  Interestingly the move of last Friday technically marked the end of the major uptrend and the immediate trend turning negative. This does not mean the Major uptrend has finally ended and a down trend would start. Right now it indicates that we could be in for more sideways consolidations for the near future. This holds good till the index breaks 9016 level.