The past week was a horrible one. A company like Satyam can do such a big fraud, unbelievable.
The stocks made a high of 189 and a low of 11.50 in the past week. Its all time high is 575 and all time low is 11.50.
BSE Sensex: (9406) the market unfolded as expected and it still looks down unless it closes above the 10000 mark
The support for the Sensex is 9100 and the resistance to the up move is at 9716
Last week we broke the trend due to Satyam’s saga.
Last week markets gave up much of its gain.
I think markets will give up some more gain. NIFTY channels are now breaking channels are breaking in each time cycle.
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