NIFTY EXPECTATIONS FOR JULY 5 TO 9 2010

AS FOR LAST WEEK NIFTY IS HIGHLY VOLATILE AND CLOSED @ THE LEVEL OF 5237 GETTING SUPPORT AROUND 5225 AND RESISTANCE AROUND 5350
AS EXPECTED RBI COME WITH EARLIER RATE HIKE IN REPO RATE & REVERSE REPO RATE HIKE

*** REPO RATE HIKED FROM 5.25 % TO 5.50 % ***

*** REVERSE REPO RATE HIKED FROM 3.75 % TO 4 % ***

AND SOME MORE STEAM LEFT IN RATE HIKE ON JULY 27 POSSIBLY ON CRR & SLR . AS I TOLD BEFORE , THIS RATE HIKE IS EXPECTED LEVEL BUT ANOTHER ROUND ON JULY 27 IS UNEXPECTED SO THERE WILL BE LOT BLOOD BATH IN BANKING SECTORS.

HOLD YOUR SBI SHORT IN FUTURE AND ENJOY THE BENEFIT FURTHER .SHORT BANK NIFTY @ EVERY RISE AND ENJOY THE BENEFIT TOO....

NIFTY LEVELS :
DOW JONES... REMEMBER DOWJONES IS THE KEY FOR COMING WEEK . 9800 IS THE KEY SUPPORT FOR DOW JONES BUT IT HAS BEEN STRONGLY BREAKED CLOSED BELOW THIS CRUCIAL LEVEL FOR FEW TRADING DAYS . THIS IS NOT GOOD SIGN EXPECT DOW TO CLIMB BACK OR THIS MIGHT TAKE OUR NIFTY A DEEPPPPPPPPPPPPPPPPPP CUT ....

COMING WEEK NIFTY MIGHT TOUCH THE HUGE & CRUCIAL SUPPORT LEVEL FOR JULY 5100
ONE CAN ENTER THERE IF GLOBAL CONDITIONS COOL 100 TO 200 POINTS PROFIT THERE ...

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- ves:
FII'S SELLING & BUYING MINIMUM SO SHORT TERM NO BOOST
RBI RATE HIKE IN ADVANCE
DOW TRADING BELOW CRUCIAL SUPPORT
NIFTY HIGHLY VOLATILE