As posted earlier the Nifty could cross the 4171-73 resistance with good bottom support. So the Nifty could easily cross the all time high as the stock exchanges celebrating the bull momentum internationally. The move is very much restricted to a few stocks, so the real broad based breadth of celebration is lacking made the glory a bit dim. To sustain this upward move, market should open with a 30 point gap above 4203 so that the new high be recorded on Thursday. In case the global weakness put the iron hand on the top, then Nifty lower support at 4130-33 shall not be breached. It is very likely that the markets will cross all time high by Friday.
For stock specific calls visit www.intradaystockcalls.blogspot.com & www.gainfulstockcalls.blogspot.com
Thursday, May 17, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment