Nifty on 18-March-2016 closed just above 7600, which is a very crucial support for it. Monday’s opening and the next week would be very crucial for both bulls to hold on to the uptrend or will they allow the bears to take control and take Nifty and the market lower.
It would be better to wait outside and let the market show us which it is heading before plunging into it. Keep your positions small and hold on to cash to enter if there is confirmation on the upside. It is always better to be safe than be sorry.