Market Mirror 17'th May 2011
Disappointing set of numbers from banking major SBI led the banking stocks to fall like a pack of cards and dragged the indices in the Indian stock market deep into the negative territory today. ONGC,RELIANCE also dragged market down. Sensex lost in the region of around 208 points (down 1.1%), Nifty ended lower by around 60 points (down 1.1%). The BSE Midcap and BSE Small cap indices however, fared slightly better, both closing lower by around 0.6% each. Sgx nifty is currently trading 7 points up at the time of writing (7:00 a.m). Asian market trading in Positive.
We showed this by showing not only 17'may BUT 18'th may chart also on 17'th may(yesterday). Keep making profit..... as we fallen vary sharply we might find support around 5370,5350 level. Keep finger crossed for diesel price hike for Rs.4.Bounce back not ruled out. Don't follow charts "understand chart & beliave it" you can always call us.
Tata Steel ADVANCE SCIENTIFIC Chart 18'th May 2011:-
(Forecasting to happen during Trading Hours)
(Forecasting to happen during Trading Hours)
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Nishant Jani
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