Monday, May 25, 2009

26/05/09 mkt view

Now from here market looks more on sell side intraday than on buy side if it faills to sustain 4280 spot level in nifty

yesterday heavy weights like relince, rcom, gail, bhel, relcapital are reversed from its strong resistance level which shows great weakness in the nifty based scrip other than this there are many nifty based scrip looking weak at higher level failing to sustain there level may create in a nifty below 4200 in intraday

in small cap look for K SERA SERA PRODUCTION for a huge target, dcw and ispat still good

level to look for

NIFTY 4240/4280
BHEL 2000/2015
POWER GRID 116/120
GAIL 280 292
HCL TECH 160/170
ABB 625/636

DISCLIAMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

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