August 17, 2009

Market - Technical

  • Last week we saw bounce book in the market, sensex climbed above 15000 level & nifty crossed 4500
  • On friday market failed to close above 4600
  • Today market may open 0.5% - 0.75% down
  • Support for the nifty is 4353, if breaks this level it may go up to 4122
  • If today market closes in red, it'll confirm that we are moving towards 4353

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