The market went up to 5608 and then sharply fell off to 5510 and closed @ 5525 (down 25).
Sensex 18495- 18650 - & closed @ 18385 down 108.
market has come down from the resistance of 5600 and has already testing the support around 5500.
Monday if the support of 5480 does not hold then we may see the next support level 5420.
in any case the upside seems limited - and the down side seems to be 5% to 10 %.
Sensex 18495- 18650 - & closed @ 18385 down 108.
market has come down from the resistance of 5600 and has already testing the support around 5500.
Monday if the support of 5480 does not hold then we may see the next support level 5420.
in any case the upside seems limited - and the down side seems to be 5% to 10 %.
Interesting !! Will see how the Nifty will behave next week. Does the European Veggie situation impact the Indian markets? Have the world markets reacted to this crisis.
ReplyDeleteIt is serious particularly when Spain is going to sue Germany for having incorrectly stated that the spanish cucumbers were the cause.
What say?