At this time I think its good to post the Nifty supports and Numbers alone
rather trying and explaining the pain and sentiment in the market.
Chart shown here is the Nifty weekly chart during 2003-2006 period. Where
nifty peaks(2595) on OCT 14,2005 and range between 2478 to 2595 for that week
which can be consider as the worst case support. And Nifty Support
can be extended to 2478 for the worst case(as seen in the weekly charts)
Anything in Nifty below 2484 will target 2200 and 2000
The Only Good Indication is that SCO is below 5 finally at 3.64. Means bounce back is possible in 1-2 days
Investors Sentiment in Indian Stock Market
Regards,
Rajandran R
Author – Marketcalls
