The up move may continue as the global cues are positive and the Asian markets are trading in green with positive bias. The markets need to move up from these levels to need some positive triggers from the global and internal political action.
The Nifty shall not trade below 3890 level to cross the 4040 level. The markets will react to the results of Wipro, Satyam and the inflation figures released yesterday evening. The banking sector especially the SBI counter looks bullish and may move to 1400 level if it can sustain above 1260 level for 2 trading days. The Bharti may give good support to Nifty if it stays above 747 and cross 790 level.
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Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, July 18, 2008
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