equityresearch
Equity Research
The short term trend still continues to remain positive but as we had mentioned that after seven consecutive straight rally markets were
bit overbought and a correction was necessary to make the structure look healthier. In the current scenario the whole market trend
depends upon Reliance Ind and State Bank’s movement, if they trade negative going forward then it would very difficult for the nifty to
maintain above 4700 mark. So for a trader it’s very important to monitor these two index heavy weight counters and then take a call.
http://www.nirmalbang.com/Upload/Morning Call_010909.pdf
bit overbought and a correction was necessary to make the structure look healthier. In the current scenario the whole market trend
depends upon Reliance Ind and State Bank’s movement, if they trade negative going forward then it would very difficult for the nifty to
maintain above 4700 mark. So for a trader it’s very important to monitor these two index heavy weight counters and then take a call.
http://www.nirmalbang.com/Upload/Morning Call_010909.pdf