On Friday, it was an absolute havoc in the market as key indices gave up their key levels to end drastically lower. The market’s downfall actually began after it hit the day’s high levels of 18542 on the Sensex and 5556 on the Nifty. In the last hour of morning session’s trade, the indices slipped back into the negative terrain and they never recovered from that fall. The free fall led the Nifty to slip below another crucial level of 5400. Sensex, on the other hand, slumped 14% from the record highs of November 05, 2010, exceeding the 10% slump that signifies a large correction.
VIEWS FROM BROKING HOUSES: "Read here"
FOR TODAY: Al asian markets are in green except Shanghai. SGX Nifty is trading at 5380, 2 points down suggest that Nifty may open around 5380 level and will try to cross 5400. If nifty does not able to cross 5400 and trading below yesterday's closing, it may hits 5350. On the upside, above 5400, it may go till 5421/5460.
WATCH ONGC, POLARIS AND EDUCOMP.
WATCH ONGC, POLARIS AND EDUCOMP.
No comments:
Post a Comment