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    Genie's View - June 1st Week

    Nifty if breaks 4550 levels., It may head towards 4750.,
    Immediate support is at 4444.,
    Nifty's trend is positive with a wider wedge with range of 4000 & 4950. Nifty is trading around 4520 which was the level maintained during Aug and Sep 2008. Now Genie suggests that Nifty has a level at 4250., which will be a good support for short term.
    Genie suggests short and long term investors not to book profit fully at this rally in these levels..
    Book 50% of the holding and stay light... Mkt may head towards 4750.,
    Since the trading wedge has increased .. the volatility would be more till the budget.
    Genie suggests : Stay inline with the trend and trade safe.