The Bears cover, the Bulls buy, buys…..

The markets were wild enough to force the bears to cover their shorts and the Nifty went into premium from a deep discount of 70 points at the opening of the July series.

The Nifty may fall but it will bounce back as the news is in favour of the Bulls. The negative news that is there was discounted as it is not giving a new taste.
The Nifty is likely to continue the bull momentum as the resistances are loosing their significance on its up move. Now the Nifty is likely to stay above 4116-20 level for some time. The Nifty may get support at 4360 level and a better support at 4325-30 level.

The market pulse check by STOCKOMETER: As posted, the Nifty has crossed the 4385 level and crossed the 4425 level to reach 4491+ with energy as the N-power empowered the Bulls.

In the Stock Specific Action it was suggested that the weak counters like Infy and Satyam performed from the suggested levels. As suggested the RPL crossed the 169 level and stopped at the 174 hurdle, the high registered is 174. As suggested, the Essar oil touched 195 when the resistance crossed at 183, the high registered is 197. As suggested, the Bharti is good above 793 and touched a high of 828.
The RCOM made a real come back with vengeance along with their group companies. It crossed the resistance at 496-93 with ease and rallied to 531 level. The Relcap crossed 1220 and went up to 1376+ level.

The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.