Tuesday, May 25, 2010

Market Slipped

Nifty had a deep cut in today's session and a relentless selling in the bourses across the indices in all corners of the world drifted nifty to its Feb 2010 's low and nifty witnessed 4790 levels which are suggesting a difficult times ahead.

Metals,banks,Realty all were hit today though metal was the worst.The downfall had been witnessed with a major volume which has crossed 1.5 lac crore-assumed 2 nd highest turnover so far which further suggests pain.

Buying at these levels could be an uphill task as nifty has shown no sign of strengths.
A gap down opening could be expected tomorrow which could be a crucial test of nifty as bears may take it on the way down to 4650

No comments:

Post a Comment

Followers