Monday, June 04, 2007

Sensex- just short, now far away?

The Indian markets are trying their best to cross the all time high at Sensex but the global, especially the adjacent China melt down brought down by 75points. The banks, especially SBI and ICICI are trading above their support levels. As posted in the morning, the RIL lost its bottom but closed at 1741-43 the support level and RCOM has failed to cross 516 but closed above 508 are the both positive points. But the global cues could hamper the Sensex growth prospects. The techs mainly Infosys above 1935, TCS above 1229-32 and Wipro above 542 are strong but no support was available to them to trade above those support levels. We have to see the reaction from USA markets.

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