Archives : DAILY MARKET OUTLOOK : 22/08/2008
DAILY MARKET OUTLOOK - 22/08/08
Market has broken important support levels and closed below. This is a bearish trend sign so sell on rally.
SENSEX Resistance - 14310-14408-14508, Support - 14161-14046-13727.
NIFTY Resistance - 4301-4316-4331, Support - 4235-4219-4159.
Market short term trend has turn negative in accordance with the intermediate trend. So, on every rise selling pressure will be witnesed.
On Wednesday  market  went up and on Thrusday it came down. Technicaly there were mixed signals hence the market reacted that way.
TODAY BECAUSE OF COMPUTER HARDWARE PROBLEM THERE WON'T BE ANY SMS. IN CASE EMERGENCY PLEASE CALL. PLEASE BEAR WITH US. INCONVENIENCE IS REGRETTED.

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