Wednesday, June 3, 2009

DEFENSIVE STOCKS MOVE AS PER EXPECTATION

as we had expected defensive stocks like hul, cogate, itc, tata tea etc are moving higher. may be smart money might be shifting from momentum stocks to defensive stocks.we are not able to cross 15k zone.if we are not able to cross 15k barrier we may move towards lower boundary of range 13.5k.decisive move above 15k only can give strength to mkt.