Though it is not a bull market but could rise strongly from the lows. The rise was relatively very sharp despite lack of positive news in the country. The political uncertainty will unfold and the markets will take its real course.
The global cues are also in very favourable. So it is better to wait for the opportunity to sell at higher levels.
The RIL is strong above 2130 and will become weak below 2115 level. The ONGC is likely to close below 932.
The RCOM is good above 448-49 level and become weak below 441 and likely to close below that price. The Bharti may become weak for today but become strong in coming days.
The JP associates is strong above 163 and become weak below 159. The DLF likely to close below 450 and may touch 436-33 level.
The banking counters are likely to loose their bottom. The SBI, ICICI and Relcap will loose their bottom support.
The steel counters and the pharma counters may display their strength even market falls. The tech counters may resume upward move with the support from bargain hunters.
The Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
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