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Tday market had A flat nd lackluster opening nd surged in the afternun session nd d last hour of trading also saw a gud rally nd Nifty was able to close above d last week high level of 4626 which is very significant now....... If Nifty is able to trade above it we may ..see a positive closing at d end of dis month nd it may reach 4750 --- 4900 band....... Tday interest rate sensitive sector stole d show...... Banking, realty surged ahead on account of short covering....... The only worry is d volumes were low but they will rise if the momentum continues........
Positive opening of European market nd a fall in crude oil price also boosted d sentiments....... Oil nd Gas sector also supported d market. .....
dis relief rally may end at higher on account of short covering......Crude oil price is to be watched carefully........ If they cool down then only uptrend will resume.......
mkt may remain sideways tday wiw positive up ward bias......... On Nifty 4626, 4600 is a gud support....... 4750 is d resistance..... Hold ur positions.......
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17th June 2008, 04:45 PM
Re: Swing Swing :) Ahoy!
