The determined bulls…..

The Nifty though weak by its level it didn’t let the Bears to take ride across the board. The Asian markets were weak and weak global cues did not help the Bears much to have a run as they wish but the Bull made their best effort to save the territory.

Market PULSE check by Stock-O-Meter: As suggested in the morning post, Nifty could display its strength with a positive picture despite of weak global cues but tried to post nearly +36 points at one point in time. The Nifty made a come back to show a green close from a low of 2736 to touch a high of 2806.85 before closing at 2776.15

The Reliance took support at the first support level at 1240. The ONGC could not cross the 690 level as the high made was at 689.80
The ICICI high did not crossed but came to 365 low, expected 368 level. The Relcap high touched at 387.80 low touched 371.35. The Rel infra in the morning it could trade above 521 level and 17 lakhs traded above that level and the minute it fell below the 511 support level first touché at 496 later after a recovery to 516 then fell back to 493.35 as expected.