20-7-2009 trading shows that the target is reaching within one day and nifty is just to the resistance level 4550+/-20 zone. Nifty closed with uninterrupted rise at 4502 +127 points. FII data positive, F & O data balanced. Option writing is + ve. Global cues fully positive.
Over all view: As expected the markets may reach 4700 for this settlement. If market gets little bit correction(shifting correction over 150 points during this week) and starts rise again one may see continuation of rise during the next month settlement. Target as per sensex below 18000 and in nifty 5200-5400 zone. Markets will get correction before nifty crosses 4600. Hourly chart of nifty and RSI expects correction now.
Beware : If market corrects beyond 200 points from higher level then only the view will gets reversed to bear advantage.
Over all view: As expected the markets may reach 4700 for this settlement. If market gets little bit correction(shifting correction over 150 points during this week) and starts rise again one may see continuation of rise during the next month settlement. Target as per sensex below 18000 and in nifty 5200-5400 zone. Markets will get correction before nifty crosses 4600. Hourly chart of nifty and RSI expects correction now.
Beware : If market corrects beyond 200 points from higher level then only the view will gets reversed to bear advantage.
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