Rally again!!!!!!!!! almost 100 points from days low in previous trading session...
Now the question arise will it sustain.... its difficult to say since all rate sensitive stocks were under pressure on friday including sbin, icici, hdfcbank, hdil,gmrinfra,unitech
for us mkt is good above 2850 and then resistance at 2880 only dont initiate any long position untill these twor lines are crossed... one can short gmr infra at 76 strict stop loss and hdfc bank at 980 strict stop loss...
again cement stocks are under pressure...only one hope for the market is RELIANCE AND ONGC they were only lead the market on friday.. if they sustain we may see a higher points tomorrow...
BULK DEAL- IFCI LTD. has sold nearly 17500000 shares of unitech at 29.52 price.
DISCLIAMER - ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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