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Monday, September 15, 2008

Market view for 15-19September

As you all must have seen last week,market is facing huge selling pressure. this selling pressure is created by the FIIs. We told last week that market is weak and will go down side,and exactly the same happened. Global cues are also indicating a weak trend.
Nifty has to trade abv 4360 in order to see short upside. Below these levels we have a bearish trend. As we told last week also,crude below $100 mark,can be a start for frsh rally in crude. We warned everybody well in time about Reliance ind. and the result is in frony of you all,reliance ind. is crashind day by day,support exist at 1870-1830.
For the current scenario nifty has major supports at 4130,if this level is breaked we might se 4060 and more lower levels. Key levels for nifty are 4170 on lower side and 4260 on upper side,breakout on either side will lead to sharp movement.

Nifty levels-
Support- 4170-4130-4085-4060-3990
Resistance- 4245-4280-4310-4345-4393

Stocks to watch-
Reliance power
Tata power
Maruti
Posted by Rulers!! at Monday, September 15, 2008

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