SENSEX (Close- 14104.20)
Well, UPA won the vote of confidence. It seems for the time being the phase of political uncertainty is over. This must be a good boost for stock market. FII and domestic funds has already started buying from last two days. It seems that a depressed market should go above 15000 sooner. I must say that due to political picture Indian market has under performed the global market. It should not break 13800 for the short term. One should expect good buying in blue chip stocks now. I like to say that almost all blue chip stocks has move higher by 10% from their recent low. To add good news crude oil is also on fall. Suddenly all turn good for market??? Now I will put an eye on inflation.
Support - 13730/13500/13320
Resistance - 13980/14100/14280
NIFTY (Close- 4240.10)
I was expecting 4230 and it has closed above 4230. Well, now what. It seems that Nifty can not only try to cross above 4300 but it may try to take a move towards 4500 marks. Support will be at 4170 to 4100. On charts Nifty has seen good consolidation.
Support - 4206/4164/4120
Resistance - 4300/4368/4420
Wednesday, July 23, 2008
Subscribe to:
Posts (Atom)
