As predicted on17-02-2009 the market made a loss of around 270 points in sensex and 80 points in Nifty.
The market broke the decisive support level of 2765 in futures in the period 10.58-12.38 establishing the clear bear signals in intraday. Support uptrends were also established at the predicted points. The market continues the bear march for today also but with stronger support uptrends.
The selling pressure is expected to be high at the following points 09.59-10.49,11.40-12.05,13.46-14.11,15.02-15.27 etc. Supports may be seen at 09.55 -09.59,10-49-11.14,12.05- 13.46,14.11-15.02 etc. Nifty likely to find supports at 2747,2741,2735,2727,2717,2701,2687,2661etc. and resistances at2759,2765,2771,2789,2793,2819,2833,2859 etc. 2701 being very crucial.
These forecasts are given for general informations only.All market actions will be at the individual's own risk.
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