Nifty for June 23 - No Respite from Selling - AP

The horrible effect of an island reversal was there for all to see. Both indices touched the lows of 2008 and this is certainly not the low of this year yet. The nearest support is seen at 4220- 4230, which in my opinion should hold at least for this month, June 2008. Hope the meaning of an ISLAND REVERSAL was explained loud and clear by bears.