Monday, August 06, 2007

WHO is buying?WHO is burying?

The markets are in a state of confusion and the payers like FI’s, FII’s, traders, investors, hedge funds and fund managers acting in suspicion and maligning the counter part for this situation. It seems that everybody acting as if the other person is deceiving, the cycle is going on and at the end of the day all become fools of their foolishness.
As posted earlier the markets touched 4263 level below the expected level of 4275. In my post tilted-“The deep pockets benefits…..?… The long-term investors can accumulate the growth stocks when the Nifty touches 4270+ levels.
In another post “The bears are making in………roads?. The short term is good for shorts, Nifty may face resistance at 4635-39 level and likely to touch 4273-75 level by mid August. Incase failed to hold then it will touch 4078-75 level which the market missed to touch before it could leap to this level.

The technicals suggest that the markets bottomed temporarily and can see some up move from here. The Nifty closing above 4336 is a positive sign in that direction. To confirm the up move RIL has to open above 1792 and RCOM above 541, Bharti above 873-76 levels, the ONGC shall trade above 881 and Infosys shall open above 1883. This all tighter will put the Nifty opening above 4361, a good sign to bulls to control the bleed.

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