MKT Outlook 2nd July-5th July

Hiii

All-time high is just a psychological figure and goes on to add that the all time high has already been crossed, as far as the Nifty was concerned. So though a correct prediction is not possible for the entire month, I feel that there is still a lot of upside. Though is not visibly disturbed about any kind of news flow, till the time the DLF issue has been listed, the markets should continue to do well; no visible concerns.

I still feel that the Reliance pack is looking still very strong and that would be one segment that will take us to new highs; still Reliance has to participate. And as I always believe, historically it has been proven that whenever there is some negative news as far as Reliance is concerned, it recovered with a vengeance. In the last couple of sessions, we have seen some momentum, but somewhere it lost on to that. Today again I saw some positive strength in Reliance; I feel that lead by both the Reliance packs, we will see substantial upsides.