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Monday, August 18, 2008

Market view 18-22August

In the current scenario, the crucial level for nifty is 4393,if sustained and trade below this level,then we can see more down side in market till 4360-4310 levls,however there are few intermediate support levels.

Nifty levels-
Support- 4393-4375-4360-4310
Resistance- 4460-4485-4530-4593

However the market is looking in ambiguous mood and so its better not to overtrade. Follow the levels and trade accordingly. Banking and sugar sector is still looking weak in coming days. Crude have good support at 110,if it is not breached we can see pullback in crude in coming days.Stay away from Gold for some time!!

Stocks to watch (above previous close)-
Datamatics technolgy
Indiabull securities
Torrent Power
Dhanus technology
Polaris soft

In current market dont wait for huge targets,instead keep booking profit at every rise because market is highly volatile!!
Posted by Rulers!! at Monday, August 18, 2008

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