Markets Next Week

I have a new post on “It is experience” in the Practical Technical Analysis Section. You can read that.
While India will have three trading days next week, the international markets are likely to be closed on Friday, so they will also have truncated weeks.
It seems fair to expect the markets to maintain their strength. A breakout above 3150 tells us that the Nifty may be on the move to touch 3700 to 3800 in the next few months. Will this happen ? We cannot say. But the trades should be mainly on the long side. This pattern is likely to fail if and when the Nfity closes below 2950. Till then, we assume that the intermediate trend is up.
Have Fun!