Equities are likely to remain subdued on Tuesday tracking weak global cues. With no clear direction to the market, experts advise investors to remain on the sidelines.
"Intraday, crucial support is pegged at 4333-4353 points. Pivot for the day is at 4406 points and to ward off the Bear threat, it has to decisively cross 4422. Indices have corrected after reaching the overbought zone on daily basis. If it breaks the weekly supports, we could see some more damage, either in price or in time. Keep long positions protected or stay light till a directional move emerges
Tuesday, August 19, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment