There are very positive signs from world markets today. So, it would be in bad taste for today at least to remember the agony of past couple of days. Bulls might have a rocking party all over today!
Technically, things would turn positive "only" on surpassing the crucial short term levels at 4300(14400). Currently we are at 4038 on Nifty and 13316 on Sensex. It is still a long way up above; yet, let's hope for the best!
Immediate Resistances for Nifty would be 4125 and 4225.
(Other crucial levels are: DOW(11140); NIKKEI(12452); FTSE(5253); HANGSENG(19826). Things would not turn positive for short term unless these levels are surpassed).
Friday, September 19, 2008
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