Said on Sunday 08th & 9th June, 2008:
” Point to Watch: 4687(91)Support : : 4588, 4565, 4523, 4493, 4460.... 4448, 4400, 4395….Resistance: 4640(50), 4687(91), 4720(40), 4786, 4798,4836(46), 4880(86), 4900, 4920, 4950, 4970(80), 5000.”.
- Makes High of 4626.45 – Stays Below 4687 through the week – Tests Support 4395 ( Low of 4369.8) - Closes @ 4517.1
Conclusion: Inability to go above 4687(91) makes the index test last mentioned Support 4395 – move up & close @ 4517.1 (forms a Low @ 4369.8)!!
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