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Friday, May 16, 2008

Market This Week ( 18th-23th May)

The upside targets remain 5,310 and 5,300 is a critical supply over here. If we are able to move above that, 5,410-5,420 is under the supply area. On the stretch side, we are looking at 5,480 as the technical target. On the downside, we probably will need to close below 5,000. 4,950 emerges as a big support range. There are going to be weekly averages being positioned over there. So, as long as we are above them, on a daily closing basis, we will keep bouncing back.
Market may be Positive Next week also.Before get some selling pressure.Let buy for long term now.Realty shares will good bet for next week.Immediate 10-20% are in bucket.
Banking Sector is second good player next week.So buy these sector.
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Indian Stock Market : A technical View by Niftysuretips.com