The Nifty is facing short-term pressure and likely to take a dip before it could take a up move. The opening up of telecom is likely to bring huge investments in this sector. The world rocking i-phone will boost the Bharti at the stock price also.
The Nifty may face resistive at 4560 level and will become weak if it trades below 4508-11 level may find support at 4445-50 level and the second one at 4421-23 level for this day. The buy on declines is valid only to telecom stocks only. The RIL and ONGC may weaken the Nifty upward journey.
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Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 07, 2008
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