Wednesday, July 16, 2008

Nifty futures for 16 th July

As written continuously market is undergoing through a very bad phase from varius aspects. we had breached a big support for Nifty Futues at 3810 near close ,which we can say still holding as it broke 3810 in the last 5 minutes of close.
Now for today again 3810>>3750>>3700 are supports . on upside Nifty have many hurdles to corss.
Resistances for Nifty futures being at 3840>3880>3920.

I will advice traders not to look for short lows.Markets looks oversold.

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