Its been a long wait for the 17000 mark. Positive Union Budget and Rail Budget, triggered some short covering in the market. Which helped markets recover some points. Nifty closed for the 2 nd day above the 5000 levels and Sensex closed at 17000 mark up 71 & 227 points respectively. Yesterdays pull back rally has triggered the major resistance levels in the chart but the volumes in the markets were pretty low. That proves that the markets men are still not very comfartable with the rally. There is still some worry left in the markets.
Midcap and Small Cap stocks did not perform in the markets. Reliance was up nearly 3.5%. Markets rallied mostly due to some buying interest in the Frontline stocks. Reliance in the short period wil surely touch Rs.1400/-.
3 comments:
how long this rally should last. I feel the budget is ok, but look to me like a rebound of the greece fallout.
Acc to me the rally should phase out near 5050 levels. Upside for current rally will come to end. Buying in all the counter not happening. We have to wait for the same. Volumes in the mkts not gr8......
Ohhh Superb prediction !! You are G8 Sir g....I am ur Fan sir g
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