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Pre Market Alert on 27-01-10 |
sraj
White Belt
Joined: 11 Feb 2009
Posts: 274
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Post: #1  Posted: Wed Jan 27, 2010 8:17 am Post subject: Pre Market Alert on 27-01-10 |
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WORLD MARKET
Singapore nifty looks very bad condition even world markets are in normal condition, this will affect our markets, due to this our nifty spot may have strong support around 4894, below this level it will come down like 4868 TO 4860, 4840, 4824, 4800, coming two days may give some tension due to expiry, so better try to avoid the market fully
NIFTY SPOT
Generally nifty spot has good support around 4825 to 4800, if it breaches this point for 2 days ideally on closing basis, then nifty spot may come to 4400 to 4300, but before 4700, 4640, 4600 may give some important support, so now important points to watch are 4820 to 4800, if holds strongly then pull back possible, if not then heavy correction, so take care, see the picture which will give some clear view about nifty spot's current position
thanks
sraj
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