equityresearch
Equity Research
The short term trend is slightly getting nervous as huge selling pressure is build above the 4,700 mark. The global markets are also not providing any positive triggers and in our market the index leader Reliance Ind is also under tremendous selling pressure for the last two trading sessions. Technically Reliance is looking very weak and going forward it the stock decisively trades below 1950 then it may test 1910‐1890 shortly which might create a great panic in the benchmark indices.
http://www.nirmalbang.com/Upload/Morning Call_020909.pdf
http://www.nirmalbang.com/Upload/Morning Call_020909.pdf