Friday, June 01, 2007

The strength by techs!

The techs have provided the necessary support to float the Nifty above the support level in spite of the weakness in the heavy weights. Banks are showing their resilience to a downward move. The strength of Infosys made the Sensex float in green through out the day. The journey of mid-caps especially the reality sector worth mentioning. The narrow band with of Nifty movement can be a positive sign so long it trades above 4281-83 level. Now the Nifty upward movement by heavy weights can take considerable time, until the technical correction is over.

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