After the friday plunge of the DOW & NASDAQ, I'll wait for a confirmation from the Nikkei tommorow morning.
In all probability the lower levels will be seen.We dont know what is the magnotude of the crisis that the Hedge Funds face in the Sub-Prime accounts.Neither will they tell us.
So watch for some signs of stability that wiuld indicate that these funds feel comfortable after the profit booking to cover their losses in the sub prime markwe.Until then the way is down unless our MutualFunds and Financial I nstitutions step in.
The Nifty Fut chart is attached with Price points.
On upside there can be another Resistance at(Long Term Channels ,Lower one) = 4465.75,than mentioned in the chart.
The Nifty Fut chart is attached with Price points.
On upside there can be another Resistance at(Long Term Channels ,Lower one) = 4465.75,than mentioned in the chart.