The world indices are running on green turf in spite of sub-prime hurdles. The Indian markets are waiting for the break out for up side. The positive are intact but the odd favouring bears are increasing day by day. The markets cannot continue to run on weak economic data and the confused political state of affairs either it could be “Ram or 123”.
The break down is due and waiting for the trigger. The markets here are likely to be positive so long Nifty stays above 4509 level and can wait for some time in green before a real journey takes place below 4481 level. Incase ONGC fails to trade above 845 level, RIL fails to trade above 2045 level and ICICI fails to trade above 903 then the markets correct deeply as the weight of its own will become heavy to hold above those levels.
Sunday, September 16, 2007
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