As expected in our market outlook yesterday, 5450 was expected to be a trend decider point for the coming sessions and we had suspected false breakout situation in global markets. First sign was seen yesterday and if we continue for a day or two, we could return back to our original range of the markets. Overall, for today, sell the markets at higher levels with stoploss above 5450 mark. Support is seen around 5220 and resistance is seen at 5450.
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Market Buzz
ADAG group stocks tank again leading the index facing another savage fall from the resistance level of 5550-5600.
Thursday, July 15, 2010
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