July 03, 2012

Nifty Update - 3rd July 2012


Nifty Future daily chart shown above

We had a good breakout from the 5090 - 5205 range on friday triggering a buy. Trade on the side of the trend is an good option right now for the likely target of 5400.

On different note - Oil is down today (back to 84$ levels) and stocks like pantaloon, raymonds, shoppers stop had a good run up along with GVK PIL and thermax.
Trent is still trading in a box

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