Quick Market Overview For Wednesday 30th June 2010 :
Quick Market Overview For Wednesday 30th June 2010 By
CA Rajiv D Khatlawala
MD, ValueTrade Academy Pvt Ltd.
www.investogyan.com
Key highlights of today’s Trades :
Key highlights of today’s Trades Markets open in down gap in morning but recover to regain yesterday’s losses
Oil PSUs , Telecom, Banking and some financial companies lead markets
Market Breadth which was weak in the morning later turns positive
Overall volumes higher than normal
NIFTY The Technical picture :
NIFTY The Technical picture
Stock Select – Reliance :
Stock Select – Reliance
In Conclusion :
In Conclusion While markets rose today, there may be a cautious undertone at least till an intraday resistance of 5345 is surpassed
Nifty 5390 remains as the strong resistance level
Activity in more likely in Realty and Telecom in coming days, especially in the side counters.
Keep an eye on midcap financial counters (yes that was a hint)!
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THANK YOUwww.investogyan.comCreating Educated Investors