The move started today has a good significance as the opening was normal and at one time Nifty went into red. The accumulation started from the morning to mid session. The move came after sufficient chunk of shares were acquired then the shoot up came.
The readers might have understood how the heavy weights show the direction and the importance of price levels. As mentioned earlier Bharti started the up move after it traded comfortable above 747, then touched 813 ( The market pulse check by STOCKOMETER :Titled: Asian melt down dt15-07-08,…… Bharti is good for del. above 750 level, but for today it is very likely that it will be available at 703-06 or even below that support level…)
I suggested for delivery in nuclear related companies and he move from the markets focused to Nuclear related infra & equipment companies.(STOCKOMETER:Titled: The UPA govt. lost the support of Left to stay in power sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs. So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake……)
STOCKOMETER: To day in the Stock Specific Action, suggested RIL, RCOM gained strength, Infy failed to trade above 1605 and Tata Steel ex dividend Rs16, suggested there could be bounce bank failed to realized the weakness in the metal sectors. In the morning suggested that Nifty to gain strength from banking sector, SBI and Bharti.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, July 18, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment