Wednesday, 22 April 2009

NIFTY entering into a crucial phase

NIFTY has breached the key 3307, 3290 levels intra day, and finally managed to close at 3330.30. low level supports are still coming to the market in the form of local operators. Bears conquered TATA Power, HCL Tech, TCS, BHEL and Rolta. NIFTY is holding above 3300 just because of Reliance Ind, which is stated to announce result tomorrow. If the quarterly results are firm, then NIFTY may move towards 3415 levels.
coming two days are very crucial for NIFTY, movements below 3267 & above 3415 will decide future course of the market.