As posted in the morning, the Nifty got good support at 4226, RIL got support at 1845 and ICICI got the support 841 as identified in the morning. The RCOM did not trade below 505 but SBI and Tata Steel opened well above their support levels.
There was no surprise with the de-linking move of the Indian markets as the expiry of the August series scheduled for tomorrow. The markets likely to be choppy and the moves could be wild for tomorrow.
The investors in Tata Steel can book their profits tomorrow those who continued their longs as suggested (earlier post-.."The metal space may correct but Tata Steel has the potential to cross 638 if it trades above 603").
Wednesday, August 29, 2007
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