Markets are likely to open negative, previous rally was so far fuelled by short covering but now to extend the momentum, a fresh buying is required, which is, perhaps, not coming through at higher levels. If it crosses the resistance levels of 16600/5000 decisively then rally can gather momentum to take the indices to 17200/5125-5200 levels.
New lisiting today V guard. Book Profits. Dow and Nasdaq are in red on back of week dollar against the rest of world currency and all time high crude prices. Temperory relief by Fed cannot prevent the recession in America.
Look out for the Major levels. Good support at 15300-4600 levels. Likely to turn positive from these levels.
1 comment:
sensex and nifty exactly close your supports
great levels...............
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