The Asian markets are trading in positive zone with 0.5-1% gains. So the Indian markets may open positively above 4186. On the lower side, Nifty shall not trade below 4153-51 levels to advance from these levels. The local markets are extremely cautious to advance from these levels. The level of leverage is comfortable in the market and investors are ready to take a fall, as an opportunity is also a positive situation.
The Nifty shall cross 4218-21 levels and shall trade above 4206 to create a situation to take a long call. The RIL shall trade above 1685, SBI above 1321, Bharti above 821 and RCOM above 501-03 levels to trade with long call. The metals likely advance further. Those who are long above 129 can sell if it trades below 139, resistance @141. Any takers for TCS, techs may slide further.
Monday, June 18, 2007
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