The real Bull grip……

The markets showed the real Bull grip game inspite of the weakness from the front line stocks like RIL, Bharti, SBI being weak. The markets in Aug-07 waited at the same level before taking the real cue from the US FED rate cut, triggered to reach a level upto 6345 level in Jan-08. The world markets were not with that kind of an enthusiasm as they were expecting a great demand from China.
The MARKET pulse check by STOCKOMETER: In the morning write up explained that The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level. The Nifty touched a high at 4546.35 and took support at 4464.0

As expected in the Stock Specific Action, the RIL faced resistance at but the ONGC can single handedly managed the Nifty falling to deeper levels, the Banking lot lead by ICICI Bank brought life, absorbed all the losses and recovered a smart rally in the last one hour.

The RIL may face resistance at 2303-05 level and good above 2325-28 level then it can touch 2365-70 level. It touched a High of 2284, read shall note that in my previous day levels RIL was weak below 2285
The RPL levels are same and will become weaker below 163 level. The high touched at 169.7 and low is 162.10
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806. The High recorded at 864.95 and low at 832.10
The RCOM faces resistance at 445-46 level good above 451 level. The High touched at 442.40 and the low at 433.0
The DLF, UNITECH, JP in bull grip. The Tata Steel is good above 653-51,
The Tata steel high at 656 and low at 635.0
SAIL good above 151, high at 148.8 and low at 144.10
The Essar oil may correct further and bounce back from 216-18 level But it found resistance at 236.0

For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/

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.