Indian Stock Market Commentary

Topic :- Opening Note

Weekly newsletter updated.For today market to remain volatile.Higher levels should be used as an opportunity to exit. For today Nifty spot above if manages to
trade and sustain above 2740 then market can see some recovery in initial trade. Nifty spot below 2700 can see some profit booking in initial trade.
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Topic :- Time:10.10 A.M

Nifty support is at 2815 (spot) level.If Nifty breaks this level and does not above these levels then we can see some profit booking in the market which can take Nifty to 2790-2760 levels. If Nifty Sustain above 2815 level then we can see some recovery in the market till 2830-2850-2870 levels soon.

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Topic :- Time:11.12 A.M

Nifty spot below 2788 can see some more profit booking.Recovery expected only above 2800 level.
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Topic :- Time:11.55 A.M

Market to remain volatile. For now Nifty spot below 2790 can see some more profit booking and Nifty spot above 2805 can see some recovery.Dont expect any major movement in the market right now.

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Topic :- Time:-12:55 Pm

Update:

Tomorrow the capital market will be Remain closed for trading on Tuesday 09th December, 2008 on Account of BAKRI-ID.

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Topic :- Time:1.10 P.M

Nifty spot above 2822 can see some more recovery.Nifty spot below 2810 can see some profit booking.One should wait and watch until market take clear direction.

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