The viewers might have observed that the fall on Monday is to trap the bears on Tuesday and on wednesday, with a gain of nearly 340 points in Sensex and nearly 102+ points in Nifty has made the scenario to pessimism to neutral .In the earlier posting stated that a 70 point rally in Nifty is mush need has been fulfilled yesterday and the cushion of 35 points is available to bulls.
The situation at Nifty is comfortable to bull but not a warning call to the bears. The real threat comes once Nifty trades above 4263 and cross 4281 levels and as usual RIL shall trade above 1761-63 levels. There is neither a big threat to the bears nor a full advantage to the bulls. The perpetual “net-coonectivity” problems forcing me to stay away to provide the updates in the evening by 6 pm and morning by 9 am. Please try to read the old posts and write your comments, views for other views to learn more as an interactive learning by sharing.
Wednesday, June 20, 2007
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