Friday, September 26, 2008

Market closing below 4000 ...!!

Market went down straight away in the morning session itself breaking 4070 support and went to 4000 as told here and later it even broke 4000 to make a low of 3970.As expected and told day before, market mover Reliance Industries broke 2000 to make a low around 1950 and along with that took the market also crashing downwards today.Though market recovered a bit in the late afternnon session, it again fell from there and went down crashing in the final hour of trading.Realty, metal, banking, capital goods, power, technology, auto, oil and telecom stocks witnessed huge selling today.Asian and European market also witnessed huge sell off and that also effected indian market sentiments today.The market breadth was negative with advances at 126 against declines of 1148 on the NSE. Top Nifty gainers included Tata Communications, ITC and ACC while losers included Reliance Industries, ICICI Bank, Infosys, L&T, HDFC, HDFC Bank, SBI, ONGC, BHEL, NTPC and Reliance Communication.

DUE TO MAJOR POWER BREAKDOWN TODAY, COULDN'T GIVE CALLS TO CLIENTS TODAY AND I REGRET FOR THAT

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