The markets stabilized…….

The positive global cues helped the markets to gain decent positive returns despite of a major event ahead. The markets maintained their positive up move as a bounce back move. The analysts consider this as a bear market rally that can last for a brief period. The markets look attractive at this stage when one considers investment perspective of 2-3 years time. Let the trust vote be over to find some “Trust” in the markets.

The market pulse check by STOCKOMETER: In the morning suggested in Stock Specific Action that RIL is strong above 2080-85 level and it made a low of 2093. The ONGC made a low of 932 suggested, good above 923. The BHEL, REL Infra and NTPC shall trade with positive bias. The BHEL made a low 1477.2 suggested low to become weak at 1455
The REL infra suggested strong above 820 and the low registered is 827.
Inspite of good move in the Nifty level the suggestion on RPL that RPL has weakness in the momentum but good above 156, but it could not cross 156.
The RCOM is good above 429 and become weak below 418-18, the low registered was 430 and Bharti is good above 785 and second support at 771-69, low registered was 773. The ICICI is good above 605-08, the low registered 624 and the SBI is in bull grip is good above 1270 and the low registered 1291.

I failed to understand the up move in the JP Associates suggested that the selling pressure will come and could see free fall below 151 but the low registered is 153.

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