Friday, June 4, 2010
Opportunity to take partial profit !!!!
After a gap-up opening on the back of strong global cues Indian Indices traded positive through out the day and closed in positive zone. The Sensex closed above 17k level at 17022.33, up by 280.49 points and Nifty closed above 5100 level at 5110.50, up y 90.65 points from the previous close.
The US markets closed flat and The asian markets are trading marginally down.
When Nifty makes a low around 4786 and Snesex at 15960, we mentioned "
and its time to Invest and we expect a bounce back and Sensex now at 17k+ and Nifty above 5100 :).... If you Bought Nifty at lower levels then should book profit now.
Closing above 5100 level is a strong sign for market, Now Nifty (Spot) can take support around 5075 and 5040 levels while 5140-5165 are resistance zone for Nifty. Nifty may trade between 5040-5165 range. Last trading day of the week, so it may make sense to take partial profit and stay light, Traders are suggested to book partial profit at higher levels and Buy at dips. Auto & Banking sector expected to remain bullish.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment