Said on 25th May, 2008:
”Point to Watch : 4944
Support : 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168, 5180, 5200, 5245(50)”.
- Markets takes support @ 4836(46) on two days , tests it on two occasions & bounces. Tests point to watch twice but fails to close above it on both occasions & goes down.
Conclusion: Supports 4836(46) - 4798 held & points to watch 4944 proved to be a strong resistance. The high lighted support too proved right on both occasions!!
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