The continuation…….

The Bull move that filled confidence in the markets is likely to be challenged to day. The fall in the US and the weak Asian markets may fill distress in our markets. The SGX Nifty is now trading with 70 points loss at 4290 level, The Hang Seng is down by 375 points but the Nikkei is in negative territory with 180 points down.

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 banking lot enthused by the falling inflation has support at the bottom level as they emerged to stay in positive territory with their 7 % up in Friday trades.
The reality sector which is dwindling, moving like pendulum may once again get the momentum once again. The DLF is weak below 485 and good above 491-93 level. The India Bulls real estate may face resistance at 291-93 level can touch 270-69 level. The sugar sector may find takers below 5-7% from the current levels. The Renuka is good at 103-105 level, Balrampur is good at 81-79 level. The level could become a very good opportunity to enter in an outperforming sector.

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.