The bottoms of the Nifty are intact, gained some strength at 2685 level and the Nifty likely to easily cross the 2839-41 level and may touch 2865-69 level with the markets/economy stimulus actions proposed by the Indian govt.and the positive but cautious views of Obama and his economic team. The markets took all measures that can help it to advance to scale high to give decent returns to Bulls. The sector specific moves are now stock specific and news specific.
The Citi bail out package and the proposed auto makers support plans may ease pressures on Bulls and short covering may emerge across the globe for a decent rally in December.
Tuesday, November 25, 2008
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