The markets made a comfortable consolidation for the time being as the Nifty
made decent up move with most of the stocks got good support at the bottom. The successful completion of the DLF issue and made a warm welcome to the ICICI.
Tomorrow it is likely that further advancing in the Nifty, could trade above 4193 in the opening and surpass the resistance of 4221. The good beginning is the up move from cements and pharma, both are under-performers for quite some time made decent up move in the days of distress. The mid-cap do well in future once the closure of ICICI issue.
To make every thing rosy, RIL shall trade above 1681-83, ONGC above 951-53, Infy above 1973-76, bharti above 906-05 and SBI above 1305-03.
Thursday, June 14, 2007
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