Friday, August 14, 2009

YESTERDAY CALL
Today nifty hit the first support and had not moved upward as I said.
MARKET VIEW FOR TODAY
Nifty traded in a tight range and not able to move further. 4570 levels had been tested three times during the trade and nifty closed just above this level. I feel for further trades this level holds the key. FII’s were net sellers, market breath was negative and volume was low. I feel monsoon deficiency news might be the reason for this tight range trade. Let’s see what happens tomorrow.
My next week market view I update tonight or tomorrow.

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