"Market closing negatively on monday, after Nifty making another all time high at 4362.95, appears to be as caution at higher levels, especially, since Sensex is yet to clear earlier high. Though it can be said as profit booking in a running bull market, yesterday's close below May closing levels invites caution from over enthusiasm. Confirmation of break out on upside shall now certainly comes after sensex clears the all time high with greater participation on larger volumes.
The day's range for Nifty shall be 4250 (Support) and 4350 (Resistance); Sensex shall be 14400 (Support) and 14700 (Resistance)
Tuesday, June 5, 2007
Our look for Tuesday
Subscribe to:
Post Comments (Atom)
1 comment:
This is great. The support level tested twice until now. Lets watch it out for the rest of the day too
Post a Comment