The world indices favour but the Indian markets reached critical level for a small correction that can back to 4235 level.
The RIL has resistance 1906-08, SBI has resistance at 1588-93 level, RCOM at 539-41, Tata steel has resistance at 676-73 level.
The Nifty likely to open below 4398 level and low shall be below 4371 level, if the low below 4363 bears run the day. In case Nifty trades above 4393-96 level no shorts but long in Tata Steel, Ranbaxy, NTPC above 165 Stop loss at 162.85. The Satyam good above 453, infy above 1863 and wipro above 473-71.
Friday, August 31, 2007
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