The Nifty and Sensex reached to a level to correct which is good as I posted new blood will be infused.
The Nifty has good support at 4293-1 levels for this day. The RIL showing bottom support at 1701-03 but the high has to cross 1712 and trade above 1708 to confirm the up move. The SBI and Relcap may correct along with ICICI. Infy may cross 1955 if the low above 1939, even touch 1981-83 level. Above 473-75 level Satyam is good for a up move to cross 500, one can try for delivery.
Tata Motors has good support at 759 but today it may correct, Maruti and M&M may follow. Siemens ripe for short sell, stoploss at 1418-17 level. Zee is building bottom may cross 325-330 level soon.Those who are short in Hindalco may cover now.
Wednesday, July 04, 2007
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