Wednesday, June 11, 2008

Sensex for June 11 - Inder Bhatia

The Indian markets succumbed to the red. It made a new low after opening on a weak note. The global cues were weak and hence mayhem followed in the Indian markets, as selling pressure became visible across the board in all sectors. Pharma was the exception though. The Sensex took support around 14677 with good volume.

For the Nifty, if it sustains 4460-4480, then a test of 4521 -4537 is expected. On the lower side 4370 will act as support zone. The 2.30 factor will be important tomorrow.


Posted by Anonymous at 12:20 AM

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1 Comment:

Pradhan said...

very good analysis once again on nifty future Bhatiaji that future had got strong resistance around 4520/25 level tested thrice intra day but never sustained above that levels due to heavy selling pressure?

Even all of u gentlemen are doing really excellent work on nifty future & other cash stocks.

We all are much thankful for such your kind participation to us!
Keep it up guys!!!
Thanks,
P S Bhanushali

June 11, 2008 at 9:47 PM  

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