India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty made a definitive positive statement of its strength by not only closing above 5650, but also well past 5700. It almost touched 5750.We can perhaps now conclude that we are well on our way to testing 5950-6000. It has good resistance around 5750. Alongwith Nifty, all sectors have also shown signs of breaking out/strength. Real estate - the only sector which had not participated is showing signs of pause (from its downward move). We have to observe for a couple of sessions more to see if it joins the rally.
Ø Nifty's resistance for 08/07 is around 5740-50 and then 5780.
No comments:
Post a Comment