Hi Friends
Markets were not able to cross the 5500 mark with good volumes. It tried couple of times before closing almost flat with modest gains. As said earlier that to confirm the BULL RUN Nifty has to cross 5600++ with good volumes and sustain there. US markets are down after an unexpected contraction in the service sector rekindled investors worry that the economy is headed for recession. At this point of time DOW is more then 200 points down. We can open gap down and 5380-5360 are important support levels, if broken then we can see fresh selling and it can take the index down to 5300-5250. Rathi Udyog recom last week hits the consecutive upper freeze. Keep holding the stock preferential allotment @ 51. Stock trading @ 32. Risk Averse investors can book some profits tomm. Nifty 5500 Call given @ 170 in jan last week.. asked all to book out today.. made an high of 243. We will wait for sometime before taking any fresh longs.
Happy Investing
Investomaniac
JAIDADIKI
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