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Markets Could See More Downside Before Moving Forward

Shilpa Mahapatre 10 August 2007

The market unfolded as anticipated and climbed up and detecting resistance in our resistance zone and caving in.

With respect to structure the stock market is feeble and it can see some more down side in the coming days. The Sensex’s support level is at 15025-14900 and the resistance to the up move at 15424-15450.

On the other hand, the support for the Nifty is at 4340 and resistance to the up move at 4460-4502.

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