Market Prediction ( 05-09-2007 )

Weak Asia Que's may Impact Indian market too,Now ready For some big volatility in market.

U.S. stocks declined before reports that may show the economic expansion is slowing, fueling concern the fallout from mortgage defaults has spread.

Recession Risk Rises as Consumers Feel Pain of Tighter Credit

The pain from higher borrowing costs may be spreading as consumers and businesses follow investors in shying away from risk, increasing the odds of a recession.

``While there is no basis for predicting a recession right now, the risks have surely gone up,'' says former Treasury Secretary Lawrence Summers, now a professor at Harvard University in Cambridge, Massachusetts. ``The combination of softness in the housing sector, contractions in credit, increased uncertainty and volatility, and losses in wealth make the chances significantly greater now.''

Market Prediction : Market has Support at 4435 at lower level and 4490 at higher level.Market has a resistance 4506 at upper level.

Market may be Highly Volatile on wednesday ,one should be ready for a dip also.Range Bound market.