Friday, December 10, 2010

The Bull got some strength as the sensex pulls back from the lower levels.....

Sensex after suffering from heavy selling pressure on Thursday`s trading session.
The Indian Markets opened in negative zone and after few minutes the bull managed
to get up with strength.The stocks which were closed at their lower circuits recovered
well as the market recovered with strong buying.
        Still the market is in nowhere zone,yesterday I mentioned about the 5700 nifty
support.It will be a crucial support,if the nifty sustains above 5700 levels then we 
cansee a short term target of 6000 levels.Some of the stocks like Deltacorp are in the
danger zone,but if bought below 85 can give a short term target of 110.

Its a short term pull back of Markets,be "CAUTIOS"

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