The bottom building….

The global weakness was defied by the Indian markets though the fall was used to build positions. The markets are in bottom building exercise that helps the Nifty to stay above 4285 level. Today Nifty made a high of 4365 and the low touched at 4281.35. Yesterday night posted as (….……The Nifty has bottom support at 4281-83 level, keeps the faith in the up move).
In the morning it was posted as ...(The markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level.
The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day.
The Tata Steel that recovered on Friday has to trade above 591 level and good above 605 level. The Sail is good above 151-53 level).
The RIL and ONGC saved the day with out further damage; markets welcomed the RIL’s decision to cancel the proposed idea to transfer the assets of KG basin. The metal stocks turned weak as expected and the banking counters maintained the previous trend developed on Friday.

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.