Short covering and upside : NIFTY levels for 5th June.

>> Thursday, June 4, 2009

We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.
Traders got good returns today.

NIFTY Looks over brought.
NIFTY Trin at 0.634

NIFTYlogy :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8

Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and will update more tomorrow morning.