equityresearch
Equity Research
Markets*have*just*closed*near*to*their*61.8%*retracement*area*of*4790/16035*which*is*a*very*important*point*as*per*the*Fibonacci*move.*Going*forward*it*would*be*very*necessary*to*see*if*markets*manage*to*stay*above*these*levels*to*enter*into*a*new*zone.*We*would*still*advice*players*to*be*very*selective*and*cautious*in*buying*stocks*at*higher*levels.*We*have*observed*that*this*rally*has*not*been*participated*by*the*major*index*pivotal*stocks*and*we*need*strong*confirmation*fom*the*leaders*that*this*rally*is*going*to*sustain*at*higher*levels.*
http://www.nirmalbang.com/Upload/Morning_Call_080909.pdf
http://www.nirmalbang.com/Upload/Morning_Call_080909.pdf