Market Review for 24th December 2008
BSE Sensex: (9687) our crucial support if 9895 got breached and the market cracked closing in the negative, it still looks weak and we could witness volatility on the last day of the F&O expiry.
BSE Sensex: (9687) our crucial support if 9895 got breached and the market cracked closing in the negative, it still looks weak and we could witness volatility on the last day of the F&O expiry.
Source – IndianMoneyPlus.Com US ended lower as its GDP comes out bad.
UK is now officially in Recession after two consecutive quarters of negative GDP.
Europe ended lower.
Asia has started off week.
Indian markets are bonded to open negative.
The support for the Sensex is 9531-9328 and the resistance to the up move is at 10060-10324
Nifty: (2969) the support for the Nifty is at 2876 and the resistance to the up move is at 3027
Sell ICICIBANK below 416 SL 427 Target 396-376
Sell IDEA below 48 SL 52 Target 45-42
Sell RNRL below 51 SL 53.40 Target 48-45
Sell Educomp below 2578 SL 2617 Target 2523-2416
Buy INFOSYS above 1188 SL 1162 Target 1213-1230
Buy SESAGOA above 87.50 SL 84 Target 92-99