Wednesday, June 18, 2008

==>> FII's net buyers in last few trading sessions




As mentioned that we will see pull back in our markets. I have mentioned that invesotrs should buy with the SL of Nifty close below 4440 and Sensex below 14700. We have already seen some pull back from those levels.

Yesterday we saw Nifty rallied till 4664 in the close. Bulls took the front seat and FII's buying helped Nifty and Sensex add some points to their kitty. Sensex closed at 15696, well above the resistance level os 15560. FII's in the last few trading sessions were the net buyer of 2404 Crs.

Nifty has a resistance at 4680-4710. Close above that will definately take Nifty to 4850-4900 levels. Buy Tata steel with the SL of 830. BUy Gmr Infra with a SL of close below 103 tgt 125-139.

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