Market at crucial supports now..!
Nifty has broken all in between supports on thursday and made a low of 4421 and now that Inflation data also released on thursday showed further jump in numbers to record 12.44..! On global front, The Dow Jones industrial average rose 43.97 points to 11,659.90.The price of oil fell $1.24, or 1.1 percent, to settle at $113.77 a barrel.The dollar's recent jump suggests to some that the health of the U.S. economy could improve. For today, if nifty remains below 4440, it will first test 4400 and then will slide to strong support level of 4375.If nifty breaks 4440 on upper side, it will restest it's resistance at 4485 and unable to cross will invite heavy selling again.
Stock watch for the day:
Today's calls only for clients
Monday, August 18, 2008
Market Outlook 18/08/08
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