FORECAST FOR 17-02-2009

On 10-02-2009 we had forecast that the markets are to fall on 16.02.2009 , and it

was proved true with a fall of nearly 100 points in Nifty and 329 points insensex.
The markets opened strong but selling pressure developed as was indicated.
The markets are likely to remain in bear grip today also with spells of uptrends

especially at 10.34-10.58,12.38-13.03,14.18-14.43 etc.Selling pressure likely to be very high at the opening period and 10.58-12.38.Nifty likely to get support at2838,2827,2817,

2807,2785,2766,2734,2693 etc and likely to face resistance at 2858,2869,2879,2911,2921,

2962 etc.
These forecasts are given for general information only. All market actions will be at the individual's own risk.
Vidyaabhaarati.