The list of worries is concern for market.
Inflation - Increasing every week, Our Government fighting to cut down.
Oil - crude at USD 125.It has to cool down.
IIP - Growth dropped sharply to 3%.
Fullstop to Economic refoms.
Market discounts everything when we are bullish.
But we are in a bearish mode.So it counts everything.
Todays Day is most important day. Make or Break situation. Supports exits at Trendline and 50 SMA.But overall market is very week.
NIFTY SPOT:
SUPPORT : 4940 / 4915 / 4882 / 4787
RESISTANCE : 5042 / 5083 / 5090 / 5142
NIFTY FUTURE:
SUPPORT : 4914 / 4903 / 4872 / 4782
RESISTANCE : 5005 / 5056 / 5098
Wednesday, May 14, 2008
# NIFTY FUTURE for 14/5/2008
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