The dud feeling in the markets were eliminated for this day as the markets showed the elegance in pushing the prices up as well the Nifty.
As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting.
The reality sector, banking sector posted decent gains. In the Intraday stock calls I clearly mention the strengths of RCOM, SBI, ICICI bank and RIL. They neither breached the support levels nor failed to continue their northward journey as the strength of support increased.
The Ranbaxy trouble may live for some weeks and the trouble from the forex losses may increase in the number, eroded the share value of the companies like Biocon, HCL tech, Mind Tree but the TCS could absorb the loss.
The Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, July 17, 2008
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