The nervous week to start….

The markets likely to open with positive bias above 4345 level and may cross the resistance at 4360 level, the challenge is to see that the Nifty to close above that level and cross the resistance at 4414 and at 4450 level then it will become as a confirmation of the up move triggered from first week of July is intact. The biggest problem at this point in time is that the inflation related sectors weakening and placing heavy weight on the Nifty.

The RIL has to trade above 2230 and cross the resistance at 2265 level, The ONGC the torch bearer of the up move has to live up to the expectations of the Bulls by trading above 1050 level, Bharti need to trade above 830 level then the strong counters will automatically gain their strength and can generate rally in Nifty to cross the 4680-4700 resistance. The metal counters, banking may find buyers.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.