The weakness persists…..

The Nifty could save the damage from recovering from the lows of 4316 level to 4380 level and the Aug premium increase substantially. The lows of Nifty may be challenged today once again due to poor global cues. The problem right now is that the Nifty heavy weights are in Southward move be it Bharti, RCOM, RIL, Tata Steel, ICICI, DLF and Unitech; some are in consolidation like Rel infra, SBI, LT, Bhel, ONGC, Infy, WIPRO, TCS and NTPC. The situation needs to be changed to positive performance, only possible when the FIIs start buying in a big way. These group companies are breaking their heads to change their face at their home. So the markets may live with the positive support from the crude as they are. The global cues may not trigger big rally before Oct-08, US may see some rally before their presidential polls.

The RIL and RCOM in news may get some favour from markets. The markets are likely to open flat at the support level at 4361-63 level with some positive bias. The levels of Nifty are in the range of yesterday levels. The challenge is how RIL will react to the news. The Markets get energy when the RIL bounces back and trade above 2285 level.

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.