Friday, June 15, 2007

The spread of Green!

The world markets spreads the green and adds market cap. The Nifty likely to open with a min.of 20points gap and continue to gain, a caution at the last hour may call for a selling pressure as we are coming from negative to positive. The Nifty fails to trade comfortable above 4193, can confirm the down move.
The RIL may tarde above 1706 and may touch 1721-23, the RCOM may find shorts covered above 501-03 and touch 513-15 level. The autos, cements and FMCG may find bottom fishing and the techs likely to advance. The ICICI good above 911 and Bharti above 821. The smaller banks participate in the move, IDFC and IDBI may move up.

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