Wednesday, July 25, 2007

Stock Market always BOSS!

On 18TH, I posted to keep an eye on ITC and good for del. above 158, made a stellar move on 60-point Nifty fall. So it all about understanding the market movement. The legends of the market told several times- "market is always right". I say, market is BOSS- “market is all about a given price- Buying Opportunity- Solid Selling”. The Stock Market all WAYs - BOSS, so make use of both the opportunities, each time and every time. GOOD LUCK.
The technicals reveal the work done and the future projection based on the history, but most of the times we don’t participate with a doubt or with a self defined reason. The repentance makes us depressed, instead participate by buying while the scrip is moving up and sell while the scrip drops to lower levels.
The market took support at the 4555 level as anticipated and the rise was from the support of RIL, ONGC and SBI. The strongest at this point in time was RIL and ONGC, of course ITC made this day as it’s day. Relcap took bottom support at 1198 rose to 1245 level, IDFC moved fast to new highs above 129 lower support at 126. The RCOM took southward move even its' counter part Bharti moved up.

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