The mother market cues are off on the account of 4th of July.
Asian markets are trading in the green as dow futures is trading with a 80+ point of gains
No significant economic news coming out this week
HDFC bank was an under performer as earnings of the crucial quarters would be announced today
The performance of HDFC bank will be the markets DIRECTION
NIFTY LOOKS VERY OVER STRETCHED. There is no reason for nifty to continue its rally as the global cues are soft. In the past two days nifty has ignored the weak global cues and kept up its up-trending move, but now we are in a super critical zone, as per the chart the white line shows a very crutial support and any fall below that line and lead to a FREEFALL until...