Market Outlook: Indian markets are expected to continue weakness relaying on the Satyam saga & weak sentiments from the global peers. After the Satyam issue Indian Corporate ratings are been tested now on the global front, which will affect the foreign inflow and casts a cloud over the Indian technology space as a whole.
Today, the US government will release the monthly jobs report, which is expected to be bad. Back home, today inflation data will reveal further moderation in prices at the wholesale level which is expected to be near 6.09% Vs 6.38% last week.
Nifty Outlook: Pivot Level: 2985
Support level: S1: 2823, S2: 2726, S3: 2564, Resistance: R1: 3082
Friday, January 9, 2009
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