Said on Sunday 01st June, 2008 :
” Point to Watch: 4836(46)
Support : 4836(46), 4798, 4786, 4720(40),.. 4640(50)..
Resistance: 4880(86), 4900, 4920, 4950, 4970(80), 5000, 5050(60), 5084, 5100, 5115, 5150, 5163, 5168”.
- Markets go above 4900 to 4910 but could not sustain – break 4836(46) on 2nd June breaks all Supports including 4640(50).
Conclusion: Points to watch 4836(46) - breaking of it & inability of the markets to go above it on rest of the week brought the markets to form a Low @ 4536.25 on 5th June!!
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