Global market rallied yesterday after lots of positive economic data.
Back home Nifty is trading in the range of 4950 -5150 with bulls defending the 5000 territory.
Nifty may see further upmove momentum only above 5150.
Will this rally result in another sell off ? Lets wait for the market to show its hand. IIP data, onset of Monsoon may augur well for the market.The volatility may continue . One should keep the volumes low.
JSW Energy is ready for another up move on charts.It has support at 116 and resistances are at 131 -150
Castrol has made a nice move . Time to ride the move.
Trade less, trade well.
Friday, June 11, 2010
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