Tuesday, August 26, 2008

DAILY TECHNICALS

After the gap up yesterday on opening ,markets showed weakness and slowly drifted down. intraday charts showed weakness thru out the day and more selling was expected. with global cues also very weak, we can expect a drop to 4304 & retest of 4248 and more below 4335(speed line break of 4248 on charts yesterday showed that it can take us to 4200 & below ) . see how the market pans out and take ur call.. cheers.

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