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Tuesday, June 05, 2007

Both the bulls and bear seem to be evenly matched.

Though, pressure on earnings is likely to show-up from the results season, which starts in July, there will be some amount of correction in about a month’s time from now. Until then, the market looks pretty stable”. There is a possibility of markets reaching 15,000 levels, if at all, but not beyond that.
Nifty seems to be in the upper band, since it’s close to 4,300 and though, it’s hard to take a call on the short term, the markets may be entering a consolidation phase.

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