Nifty Intraday Levels – 26.10.2007
support - 5500 5450
Resistances 5610 5660
Theme for the day - Sbi ,Reliance, Ongc,L&t,Tata Steel
It sector looking good to buy now ...........
Results today : BEL, BEML, Educomp, GVK Power,ICSA, Jyoti Structures, Kotak Bank, L&T,Lanco Infra,Tulip IT
KRBL(Rs.89.30) witnessed insider buying recently. Govt decision to roll back export ban on superior quality non-basmati rice will only add to positives
Many of the analysts are of the opinion that markets have already discounted SEBI's ruling and sensex should take off from here.There is nothing negative in the policy and thats the biggest positive for the markets. We are of the same opinion about markets discounting the ruling but we are susceptible on the take off. Investors are adviced to wait on the sidelines as today is also the first day of next month's F&O series.
Crude on the other hand moved up above $90
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