The first 3 days of trading have shown a net gain of about 30 points. Interestingly, I find my mid caps picks also moving up. 4922 remains a key support and I find it being tested. Technically, if the down move is still on, then we are Y -B corrective up move which should target 5050-5100. Post this, I see another re-test of 4800-4900 before the move up to 5650-5900.
4750 and 5100 remain the boundary areas beyond which further falls or rises can be speculated upon. June 17th when Greece votes we will see decisive moves. My sense is Greece will stay i EU and we will see a relief rally.
4750 and 5100 remain the boundary areas beyond which further falls or rises can be speculated upon. June 17th when Greece votes we will see decisive moves. My sense is Greece will stay i EU and we will see a relief rally.
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