24-7-2009 trading showing bullish run after giving a little shifting correction up to nifty 4380 three days back. Now nifty closed at 4569 +45 points. FII data F&O - ve and +ve in cash buying, F & O future next month addition 13 lakhs at high level ???., option writing nifty range is 4500. SGX nifty is +ve now. Global cues + ve.
Over all view: As seen from technical view the markets are bullish and with some adjustments for settlement markets will continue the journey to up side targeting nifty 4800-4880-5000-5200 with intermediate correction. As seen from Reliance result and RBI policy data one may expect a little bit correction coinciding with settlement that to may be up to nifty 4500-4450-4500-4550 zone only. All technical indicators are bullish.
Over all view: As seen from technical view the markets are bullish and with some adjustments for settlement markets will continue the journey to up side targeting nifty 4800-4880-5000-5200 with intermediate correction. As seen from Reliance result and RBI policy data one may expect a little bit correction coinciding with settlement that to may be up to nifty 4500-4450-4500-4550 zone only. All technical indicators are bullish.
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