The issue of RIL gas and the post US and present Asian downturn may engulf the Indian markets and likely to correct the Nifty to a level of 4229-31 as closing. In case RIL trades below 1738, the above condition is double sure. The late bounce back in the Techs can continue and the majors will add 1%+ gains. The SBI may correct 1-2 % and the rest of the banking sectors.
The Nifty shall not cross 4281-83 levels and shall trade below 4251 in the first half an hour will give strength to bears. The Bharti struggling to trade above 826 is a negative sign. RCOM shall not trade above 521level and the low shall be below 515 to short sell. The Tata steel shall not cross 615-16 to see it at 591-89 levels.
Friday, June 22, 2007
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2 comments:
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