The markets may take some time to change the on going correction. The bulls lost the opportunity to take the markets up in the yesterday trades. There is no big news emerged for today. So the stocks may trade in the trading range with positive bias, support from techs and energy sectors.
The Nifty shall not trade below 4123-4120 level to bid for a come back by crossing the 4166 and should trade above 4183 level to make the bears for a run. So long Nifty trades below 4156-59 level the bears build pressure.
RIL shall not trade below 1651 and should cross 1686; RCOM become weak if doesn’t cross 515 and trade below 506. Tata steel may bounce to 593-96 level; Zeel a good buy at 275-271 with a stop loss at 263-261. A correction can be expected in Hindalco to a level 156-155 level.
Tuesday, June 12, 2007
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