The market reacted sharply towards the RBI credit policy but it recovered sharply to close the day in favour of the bulls. As i said in my earlier post for today, one should think to go long only if the nifty closes above 4515 and today the nifty closed at 4528.85. One can think of going long now but please be cautious since any negative global cues can take indian market down.
Tomorrow, market may open flat or positive with mixed bias attached with high volatility and remain long above 4510 with SL 4495 for a tgt of 4564-4599. If it breaks and sustain below 4505 keep short with SL 4520 for tgt 4463-4397. Trade intraday and mint money... go long with caution for the time being.....safe investing
Tuesday, July 31, 2007
Market Forecast for 01.08.07
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