Friday, June 4, 2010

Senxex Outlook - June 2010

Nifty has recovered after touching 4850 levels and back at 5100 levels.

Emerging markets are holding strong. India's GDP is stable and rising and a strong economic condition has postponed some selling pressure in May. Despite that, FIIs were net sellers to the tune of 9200 odd crores.

Markets will not fall if it does not violate 5000, 4850 levels for time being. Nifty will face resistance at 5245,5285,5350.

Bank of India (CMP 335) can go upto 365, 385 in this month.

1 comment:

  1. Sir, this is quite close forecast and BOI is now trading at 357. I was not quite sure to go with this share and hence I did not buy this one, but now I repent.
    Your blogs are quite encouraging!
    Wish you come up with more and more blogs!