Wednesday, August 01, 2007

Any way who was trapped?

The markets all over the world were spread by red with small spots of green. As we have seen the run-up is to eliminate the retail shorts and bring some faith to them to hold their rest of their longs along with fresh averages in the long side.
Now the Nifty is strong above 4503, good support at 4493-91 level. In case it trades below the levels will become stop-loss point.
The RIL weak below 1891 and likely to trade below 1785 in future, SBI good above 1608-06, ONGC in trading range good above 936 weak below 909, RCOM strong above 563-65 weak below 553, Tata steel weak below 669, Rel cap good above 1224, Bharti good above 918-21, Satyam weak below 481 good above 493, Infy good above 1996 weak below 1966, TCS good above 1173, weak below 1149. The ITC will become weak if it trades below 173, live in bear grip if it trade below 169.

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