The Nasdaq & Dow were up, our ADR’s positive and the positive Asian stocks move will add strength to our bull move . It is likely that tech bandwagon will support the bulls to prop-up the Nifty to scale higher levels with other celebrities already enjoying yearly high and all time highs.
The RIL shall not trade below 1621-23, Bharati above 828, Infy above 1982 and RCOM above 481-79 range to be traded to enjoy the bull movement. The movement in Banks could take a breathe of rest and the results of Tata Steel could impact the up move some where at 610-615 range. The de-merger proposal will decide the movement of Bajaj auto.
Thursday, May 17, 2007
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