A small intraday correction on 23Dec was averted yesterday, by Dow jones rally, which lead to a new weekly high and has given a +ve direction on upside. Closing of Dow Jones above 10510, will take it to 10570, from where some resistance will happen, and if that will be crossed then we should witness 10800-10900 in coming days, and which will eventually favor, Indian markets as well.
I advise IT stocks to be accumulated, and not to mention my favourite Reliance stock.Nifty should touch 5300-5400 levels before 1/1/2010, if and only if Dow Jones rally remains intact.
Friday, December 25, 2009
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