Archives : DAILY MARKET OUTLOOK : 12/02/2008
DAILY MARKET OUTLOOK : 12/02/2008.
THOSE WHO FOLLOWED OUR ADVISE, MADE GOOD PROFITS, AS WE HAD ADVISED NOT TO TRADE. BY NOT TRADING YOU DONT MAKE LOSSES AND IT IS AS GOOD AS MAKING PROFITS, IN SUCH A VOLATILE MARKET !!!
MARKETS ARE NOW APPROACHING OVERSOLD ZONE AND A BOUNCE WILL BE VISIBLE IN A DAY OR TWO. SHORT TERM TRADERS AND INVESTORS CAN CONSIDER 4491 AS STRONG SUPPORT FOR GOING LONG.
TILL THE MARKET REACHES THE BOTTOM AND STARTS UPWARD CORRECTION, STAY AWAY AND WATCH THE VOLATILITY FROM FAR.
SENSEX RESISTANCE AT 16835-17113-17427. SUPPORT AT 16457-16280-15480.
NIFTY RESISTANCE AT 4965-4996-5126. SUPPORT AT 4803-4749-4491.

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