Dear Sir.
Find attached market out look for 30 Nov, 09.
Thanking you.
Zahid latif.-- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.Title: MARKET OUT LOOK FOR 30 NOVEMBER
MARKET OUT LOOK FOR 30 NOVEMBER 2009.
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NIFTY(4941)-
Markets which had knock on account of expiry on 26
suffered another jolt, this time from international markets jittered by Dubai
payment crisis.Europen market on 26 and Asian markets on 27 reacted
very nervously to the development and lost heavily. Indian markets had to
follow the suit and opened with a gap down. We had earlier suggested that the level of
4890 is the trend decider and Nifty pierced the level and sank much lower to
4810,but managed to recover smartly and close above the crucial number , to keep hopes alive
for the rally. Market volume was a shade lower than that of Thursday and
the market breadth was deeply negative yet again. Today Nifty must trade and close
above 4965 to advance further .The real concern how ever will be support level, if
benchmark gets support at 4900 and 4865,it can have a fair chance of reaching 5200
in coming days. A close below 4865 will indicate the termination of the rally.
Thus 4965 and 4865 are very critical levels closing above the former can favor long
positions and a close below the later will create more selling pressure.
Volatility is likely to be heavy. The closing of market today will have implications
for the coming week .
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