Analysis on Stock Trading Report by Mansukh Investment & Trading Solutions 16/07/2010

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For today’s session we continue our previous approach of a range bound scenario between 5345-5430 though sentiments seems to be little bit pressurized. Moreover even we have manages to cross 5400 in a couple of sessions back but we believe confirmation of more upside still remain cloudy. Last session being the conservative one as spot index being traded in a narrow range below 5400. Hence until and unless spot index wouldn’t be closed above 5420 for at least to consecutive days ,more upside near to 5500 remain away from the cards. Therefore traders are advised to book profits on such rally and wait for a decent correction to re-enter. On the flip side 5200 still act as a crucial support in near term where traders might see some turnaround

Transcript of Analysis on Stock Trading Report by Mansukh Investment & Trading Solutions 16/07/2010