Tomorrwo will again 3550 will be the crucial level to watch out for...
one scipe has shown a great interest for delivery if one remember some time before we were bullish on IDFC, JP ASSOCIATES, GMR INFRA...at the same time unitech to look after also at current level...strictly its for delivery purpose only
when any huge buying is made at lower level definetely some news may follow afterward and the same been happening with unitech, morgan stanly has bought near 5%of unitech stake at a very reasonable price. The seconde scripe for delivery base is CITY UNION BANK, cmp is Rs 15-16 apporx if one thinks to start accumalating some smaller bank scripe this can be a good scripe to invest with. CITY UNION BANK includes investor like L&T, LIC, CANARA BANK ...only one negative parts is that it had very small promoter holding in the company..
Now we should back to our intraday happening, if tommorrow mkt open flat let them first decide the trend which way it wants to go nifty level will be 3450/3550 closing basis...if market open gap up or gap dow wait more chance that it may not sustain its opening trend
DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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