Will Bears Continue to Play Holi in March Expiry Week ?

Trading in stock markets will be volatile  in Holiday shortened week and March Derivative expiry, Political Uncertainty after DMK pullout on local front and Cyprus Bailout worries on Global front are added flavors for next week trading .Stock prices whipped on downside in volatile week and Nifty ended down 2.8% or 221 points  WoW basis. The bloodshed in mid and small-cap space  continued with stocks down between 20-45%.
Stock markets will remain shut on Wednesday and Friday on account of 'Holi' and 'Good Friday', respectively.
Last week we gave Trend Deciding level as 5880 Nifty made the high of 5864 turned back, achieved all the weekly targets on downside. Traders following Weekly trend deciding level should have minted good money.

 Nifty Hourly Chart

Nifty Hourly charts is forming a falling wedge pattern which is a bullish pattern and will get active once Nifty starts trading above 5693. Till it remains below this level trend ..

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