equityresearch
Equity Research
Positive global cues helped the Indian market sentiment to improve and witnessed firm buying in metal, FMCG and banking stocks which helped the Nifty to close above the 5K mark. Technically markets are overstretched but the undertone is bullish as buying is witnessed at lower levels. The short-term trend could slightly get weaker only if Nifty decisively trades below the 4,900 level with good volumes. The intermediate trend still remains positive as the markets has not given any negative divergence and are still holding very strong above their crucial support levels.
http://www.nirmalbang.com/Upload/Morning_Call_071009.pdf
http://www.nirmalbang.com/Upload/Morning_Call_071009.pdf