>> Friday, November 21, 2008
Indian markets despite of good inflation numbers cracked badley due to global cues.
US markets yesterday saw a worst hit Dow down below 7550 points.
Europe was down over 3%.
Asia has opened weak.
Expect a gap down to flat opening in Indian Markets.
The support for the Sensex is 8649-8393 and the resistance to the up move is at 8775-8870
Nifty: (2553) the support for the Nifty is at 2500-2464 and the resistance to the up move is at 2754-2860
Day trading ideas.
Buy above 710 for targets of 716 & 723
Sell below 702 for targets of 696 & 690
Buy above 54.25 for targets of 56.30 & 58.80
Sell below 51.75 for targets of 49.10 & 47.90
Buy above 35.60 for targets of 36.90 & 38.70
Sell below 33.80 for targets of 32.50 & 30.70