Tuesday, June 9, 2009

10/06/09 mkt view

Quite expected rally now its confirm that in short run 4340 will act as an strong support and below this market can give another 5 to 10% correction surely....

for tomorrwo now 4620 spot will act as an strong resistance and closing above 4551 on closing basis spot nifty will continue to be in bulls grip and below this bears will start to rule the market.... if market breake 4550 spot on intraday not surprise if market again come to 4350 level in an intraday...

better avoid to trade in small and midcap scrip at current level, tomorrow again ADAG group will be key in the market

some of the level to see for market

nifty 4450/4620
rcom 330/350
icici bank 730/775
nalco 330/350

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

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