Thursday, July 09, 2009

==>> Nifty support at 4050

Its been an Very volatile day. Indices kept on moving from the -ve to +ve zone and back again. Sensex opened up strong nearly 100 points up but slided almost 120 points immediately. Indices recovered and rallied back to the green zone, but closed marginally down by 12 points. Nifty took support at 4050 and surged past 4110 levels. Nifty closed at 4080 up by just 1 point. Nifty dipped in the early session to make a low of 4039. Sensex closed at 13757 after making a low of 13643.
Some of my calls
Infosys Below 1686, can tank till 1665-1641-1616 ( Did not trigger 1686 )

ICICI looks week. The gap created after the UPA goverment came in force, is trying to get filled. below 648, ICICI bank can go upto 635-616 levels ( made a low of 622 )
NIFTy may take support at 4050 and might bounce back again termporaily ( Nifty surged to make a high of 4115 )
BUY TCS cmp 382.5 SL 377. ( made a high of 390.90 )
BUY SBI cmp 1586 with SL of 1579 ( high of 1624.80 was made )

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