Thursday, October 16, 2008

ROLLER COASTER.

Huge global weakness crashed our markets too despite of huge sops from RBI yesterday evening..and then when all looked lost came the great bullish reversal..and what a rally..it was threatening to break 10k sensex ,,,and we travelled back to 3329.....from 3099....3097 is a strong support for this market below which 2995 is what the target could be.Markets have been recovering to deceive again and again with every new bottom, so will have to cross fingers to see how the trade pans out in the next week or so ..3240 is a crucial support level below which 3200 is there, as global cues are guiding us , lets see how Europe/US pans out tonite....take care cheers.

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