The markets likely to open with positive note as they were tired of negative news and Southward journey. But the up move will be with doubt about the future (now for the next day).
The pure technicals show that the Nifty could move above another 400 points so long it stays above 3945-35 level and Reliance stays above 2025 level. The up move will be sustained for only when the heavy weights shall cross their immediate resistance levels. The frontline counters like Bharati shall cross above 745, Reliance to cross above 2180, ONGC shall cross 900, Infosys shall cross 1800, the TCS shall cross 880, RPL shall cross 178, the UNITECH shall cross 183 and DLF shall cross 440 level.
The worry some factor is that Reliance and RPL counters were noting trading with the momentum as they always.
Sunday, July 06, 2008
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