Nifty view 07/01/10

Broader market lagging without life, very tight range of move of range between 40 points. But as expected individual scripts outperforming the market. Based on RSI i can come to a conclusion that this may come to an end soon, may be tomorrow.

The recommendations which i had given on last post, generated some descent gains. Tomorrow look at TATA power , after it's yesterdays gain it has entered OB region and it has a strong resistance at 1497 1510 region. So it can be used to short for intraday basis.


Nifty Levels for the day:

5227 - 5260 - 5282 - 5303 - 5331 - 5369