Market Forecast for 13.06.07
Market staged a smart recovery today after hitting day's low of 4100.80. As i've written earlier, buying at dips are always advisable. But as of now, the market is all set to touch 4200 within a day or two and if it sustains above 4200+ nifty may touch new heights in the coming days.. Always look out for a breakout below 4055, which will prove fatal to bulls.
Tomorrow, market will open flat or gap up with 20-35 points attached with high volatility and mixed bias and remain long above 4148 with SL 4128 for a tgt of 4175-4196.If it breaks and sustain below 4143 keep short with SL 4155 for tgt 4100-4085. short traders, enjoy the roller coaster ride... but be careful with your positions....