The company specific news will drive the prices with general uptrend to continue. The economic uptrend is adding up tick and the government will encourage the investment sentiment by bringing necessary policies to boost their investor friendly image.
Nifty to trade above the crucial level of 6140-50 till it makes the new high crossed at 6415.The midway suggestion stands at 6213 which is good support for the current trend to continue.
The confusion over KG basin gas price and court case put Reliance to trade below 800 may see some bargain hunting and short covering will definitely place it above 829 level to touch 836-42 levels. The ONGC is now in the Bull grip will see the stock to cross the 309-11 resistance.
The banking lot is getting BULLs support especially in PSU sector. The SBI has good support at 1509 level may easily cross 1581-83 resistance to touch 1604-12 level. The Bank of Baroda and PNB get the momentum run once the resistance at 571-73 level is crossed. The HDFC bank likely to cross 680 resistance but it is exhibiting weakness but HDFC may easily touch 860-866 level. Bharati may see some short-term short covering and so is Tata steel.
The Relcap and RelInfra are in bear grip may be due to Anil’s political associations. The political road map for BJP win and Congress debacle is now a writing on the wall. There are no miracles to change the verdict as per the current poll predictions.The Sahara group may bring real trouble to markets if some thing serious develops on the GHOST INVESTORS...otherwise the markets may see decent pre-election rally.
Nifty to trade above the crucial level of 6140-50 till it makes the new high crossed at 6415.The midway suggestion stands at 6213 which is good support for the current trend to continue.
The confusion over KG basin gas price and court case put Reliance to trade below 800 may see some bargain hunting and short covering will definitely place it above 829 level to touch 836-42 levels. The ONGC is now in the Bull grip will see the stock to cross the 309-11 resistance.
The banking lot is getting BULLs support especially in PSU sector. The SBI has good support at 1509 level may easily cross 1581-83 resistance to touch 1604-12 level. The Bank of Baroda and PNB get the momentum run once the resistance at 571-73 level is crossed. The HDFC bank likely to cross 680 resistance but it is exhibiting weakness but HDFC may easily touch 860-866 level. Bharati may see some short-term short covering and so is Tata steel.
The Relcap and RelInfra are in bear grip may be due to Anil’s political associations. The political road map for BJP win and Congress debacle is now a writing on the wall. There are no miracles to change the verdict as per the current poll predictions.The Sahara group may bring real trouble to markets if some thing serious develops on the GHOST INVESTORS...otherwise the markets may see decent pre-election rally.
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