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Wednesday, June 11, 2014
After Market Opening Chart Check
The markets which corrected yesterday recovered and closed at 7675 with a nominal gain of 2 points. It is to be understood that we now have a stable government and is currently in a Bull Market. Therefore, no level is a sacrosanct (as we are in a Bull Market) and any thus dip becomes a buying opportunity. Yesterday's intra-day correction and recovery at the end proves this very point. Also, what is to be noted is that: shares from across sectors and segments are participating in the Bull run. The investors are suggested to buy the shares of small and mid cap counters which are expected to give stupendous returns in the next 3-6 months time frame. Now Nifty is at 7611, hope it will recover at the end of the day. Yesterday, FIIs were net buyers to the tune of Rs.192.56 Cr.
Support: 7600 / 7430
Resistance: 7670 / 7720