Thursday, June 21, 2007

The US worries likely to spread?

The world pays much attention to US and their worries are likely to affect the markets across the globe as series concerns are brewing.The Nifty shall trade above 4263 in the opening and shall try to cross 4281 in the first one-hour. The low shall not breach 4235-33 to continue the bull movement otherwise it is likely that the Nifty may touch 4189-91 levels. So try to focus on the weak counters like RCOM if it does not pierce 515 on higher side and trades below 506. The RIL trades below 1729, ONGC below 915 and the banks likely to correct, focus on ICICI and Relcap. Incase of up move focus on Idea gains momentum, good for del. above 118

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