Equities are likely to remain volatile on Tuesday a day after the mayhem in global markets on fears of the state of the US financial system after Lehman Brothers filed for bankruptcy, insurer AIG struggled for survival and Merrill Lynch was sold to Bank of America.
"Intraday, pivot is at 4088 points, which if sustained, then resistance is at 4156 points. Crucial support in declines is at 3960 and 3920. Bulls need to reunite, with an uphill task of arresting the fall, which lies on the shoulders of the nndex heavyweights. Markets are likely to remain volatile, trade cautiously
Tuesday, September 16, 2008
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1 comment:
hi tapse
market has recovered almost 100 points . now it is moving to reach the pivot level.
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