Archives : DAILY MARKET OUTLOOK : 22/01/2008
DAILY MARKET OUTLOOK : 22/01/2008
MARKETS CRASHED AS WE HAD PREDICTED IN OUR WEEKLY NEWSLETTER AND REACHED ALMOST OUR LEVELS OF 16500 AND 4970 FOR THE SENSEX AND NIFTY RESP. THOSE WHO FOLLOWED MUST HAVE BEEN BENEFITTED A LOT.
MARKETS HAVE STARTED A PULL BACK RALLY. PULLBACK LEVELS ARE 18576 AND 5504 FOR THE SENSEX AND NIFTY RESP.
TODAY LOT OF RUTHLESS SELLING WAS WITNESSED. THE KEY POINT WAS MANY BROKING TERMINALS WERE SWITCHED OFF DUE TO INSUFFICIENT MARGIN. FINANCIAL CRISIS AS ALL PROFITS MADE BY MANY TRADERS OVER SOMETIME HAS BEEN WIPED OUT IN A SINGLE DAY.
EVERY RALLY WILL BE SOLD INTO. SO SELL ON RISE. EVERY RISE IS A SELLING OPPORTUNITY. SELL AT RESISTANCE LEVELS.
SENSEX RESISTANCE AT 18205-18553-18673. SUPPORT AT 16951-16616-16470.
NIFTY RESISTANCE AT 5282-5431-5504-5582. SUPPORT AT 4977-4902-4865.

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