Monday, June 21, 2010

NIFTY EOD REPORT JUNE 21


GOOD NEWS FROM CHINA (CENTRAL BANK) MAKES A FIRE ACROSS ASIAN MARKET THAT HELPED OUR MARKET TO SURGE OVER 100 POINTS AND EUROPE HELPED THAT RALLY TO SUSTAIN AND CLOSED @ HIGH OF 90 POINTS (5353 SPOT) . TODAY THROUGHOUT THE SESSION BUYING INTEREST SEEN VERY STRONG 5:1 BUY AND SELL RATIO SO NO CHANCE FOR BEARS TO STEAL THE SHOW.
AS I WROTE ON JUNE 14 TH EOD REPORT NIFTY STAYING COMFORT ABOVE 5200 AND TILL EXPIRY IT MIGHT NOT BE BROKEN. WE ARE IN A VERY CRUCIAL LEVEL OR IN REVERSAL POINT. SO AGAIN AND AGAIN BE CAUTIOUS. AS MY VIEW ON NIFTY LEVEL FOR THIS WEEK NIFTY HAS NEARLY ACHIEVED 5380 LEVEL TODAY FROM HERE NEED CORRECTION BUT GLOBAL BOOST MIGHT KEEP OUR MARKET @ HIGHER TO BLAST ON ONE FINE DAY

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