Indices

Wednesday, May 08, 2012


  

Indices:


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Sensex closed @ 16546.18 & Nifty closed @ 4999.95 levels below medium term reversal on 08/05/2012 for the first time.Weekly KST & weekly MACD both went in to sell in last week but price reversal has confirmed today.

One should expect market to correct further till 4930-4900 immediately in short term.

4850-4800 in nifty & 16045 levels in sensex is very crucial support zone for the market (i.e. - Medium term targets levels as mentioned in market outlook as well.

Further below it, overall Long term view may change & assumption of bottom @ 15000 levels in sensex & 4500 in nifty in under doubt.

One should watch it out market behavior @ Medium term targets levels for final confirmation of further trend.

17143 in sensex & 5200 levels in nifty in crucial resistance & medium term reversal levels to watch out for further UP Trend.

Investor should book profit at every rise till medium term reverses.
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