The stocks are reflecting a different color on sceeen from their original moves, trying to exhibit a concealed version for a cause -”the June F&O closing”.
The Nifty is managing to stay above 4251 level is a good sign if it continue to carry a head in future as the consolidation above 4141 level and the stocks traded at their higher prices. So far so good, but the apprehension about the advancement of Nifty is increasing in the minds of the fund managers is not a good sign. Nifty is trying to hold on the top, up movement has been questioned time and again.The up move has been intact so long Nifty trades above 4139-41 levels and RIL trades above 1621, ONGC above 901-03, Bharti above 821, RCOM above 501-03 levels. Incase Nifty slides, no panic situation will emerge until it trades above 4079-81 level and RIL trades above 1580 level. So fall is a good sign for fresh people to enter and hold “ change of hands”.
Wednesday, June 27, 2007
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