Bulls have many things to say…!

In my earlier posts titled- The deep pockets benefits…..? “The Nifty August series has to trade above 4525 level immediately to confirm the bull move with in 3-4 trading sessions, other wise the damage can even wipe out the image of India’s growth story”.

The up move is to make the bears to cover the shorts at an early date and make the buying averages are more economical. A strong move after a steep fall helps the bulls because the bears sell low and buy at high price.
The ITC stock acted in line with the expectation touched 175, RIL resumed its journey above 1865 to 1900 range, ONGC traded above 900+, and the Ranbaxy added Rs15/-. The Tata Steel though moved up but could not cross 661 level very important to do so. The IDFC and Idea made very good moves.
Now the Nifty face resistance at 4555-59 level and it is likely that the banks see profit booking will bring down the Nifty to 4445 level, the best support to maintain the ongoing bull move.