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Watch Nifty
Ø Nifty crossed its first hurdle of 4950 in style and almost touched 5000. Its next significant resistance is 5190-5200. Bank Nifty made a good move
up but has closed near 9175. One more session would give us the first signal. However, till Nifty crosses 5200 and Bank Nifty 10000, one should
remain cautious. We would like to repeat that this is one of the best times for long term investors to invest and earn excellent returns.
Ø Nifty's resistance for 11/07 is likely around 5000 and then 5040.
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