If Nifty future is able to hold above the 5400, we could see fresh attempt at new channel of 5500-5800 levels in futures. Consider 5180-5220 as good support levels; break below 5180 will invite fresh bout of selling towards 5050. Investors and Traders should consider at present on being on sidelines and do stock picking on a stock specific and value based approach. Overall, Globally, equity markets look skeptical at present and trades should be done with that appropriate caution.
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Market Buzz
ADAG group stocks tank again leading the index facing another savage fall from the resistance level of 5550-5600.
Monday, July 19, 2010
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