MARKET REVIEW FOR 21st May 2012.
INCREASING POLITICAL AND ECONOMICAL CRISIS IN GREECE AND IN ENTIRE EURO ZONE IS THE BIG THREAT FOR THE WORLD ECONOMY NOW. SELLING PRESSURE WITNESSED ACROSS THE WORLD ON THE NEWS OF DOWN GRADING OF 16 ODD SPANISH BANKS BY MOODY AND ECB STOPPING TRANSACTIONS WITH SOME OF THE GREEK BANKS.
AND HERE IN INDIA DEPRECIATING RUPEE AGAINST THE US DOLLAR DESPITE AGGRESSIVE INTERVENTION BY THE RBI AND SO BIG CONCERNS OVER WIDENING CURRENT & FISCAL DEFICIT AND FII INVESTMENT NOW.
BSE SENSEX(16153): DOWN SIDE SUPPORT AT 16002-15950-15745 AND RESISTANCE TO UP MOVE AT 16293-16454.
S&P CNX NIFTY(4892): DOWN SIDE SUPPORT AT 4850-4800-4786 AND RESISTANCE TO UP MOVE AT 4906-4936-4958.
BANK NIFTY(9310): DOWN SIDE SUPPORT AT 9273-9030-8800 AND RESISTANCE TO UP MOVE AT 9366-9468-9634.
WISHING YOU ALL HAPPY TRADING DAY !
17th May 2012.
BSE SENSEX(16030): DOWN SIDE SUPPORT AT 16123-16002-15950 AND RESISTANCE TO UP MOVE AT 16124-16293-16454.
S&P CNX NIFTY(4858): DOWN SIDE SUPPORT AT 4800-4772 AND RESISTANCE TO UP MOVE AT 4874-4906-4936.
BANK NIFTY(9164): DOWN SIDE SUPPORT AT 9030-8918 AND RESISTANCE TO UP MOVE AT 9332-9468.
WISHING YOU ALL HAPPY TRADING DAY !
16th May 2012.
BSE SENSEX(16328): DOWN SIDE SUPPORT AT 16123-16002-15950 AND RESISTANCE TO UP MOVE AT 16454-16530-16638.
S&P CNX NIFTY(4943): DOWN SIDE SUPPORT AT 4906-4874-4850 AND RESISTANCE TO UP MOVE AT 4932-4976-5002-5055.
BANK NIFTY(9320): DOWN SIDE SUPPORT AT 9166-9030 AND RESISTANCE TO UP MOVE AT 9468-9670.
WISHING YOU ALL HAPPY TRADING DAY !
15th May 2011.
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