The efforts of bulls to bring the market from a low of 4030 to a high of 4088 could spoil if Nifty fails to trade above 4117 in the opening session of tomorrow. The brilliant come back of the industry heavy weights is a good sign and RIL honored the 1573 bottom support as posted, a crucial support for Nifty and for bulls.
The banking sector come back could read as a surprise, a hidden agenda?. Now Nifty shall not breach the 4071-73 level to make it’s bid for a new high which could happen only after the UP political issues resolved peacefully.
Wednesday, May 09, 2007
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