Thursday, May 22, 2008

Daily Market Outlook : 22nd May 2008 (Thursday)

Markets recovered from the lows yesterday, but we are not out of the woods yet. Markets will try and bounce from the lows today and the ride will be very volatile and choppy.

Keep your positions hedged, as the uncertainty keeps on rising.

Reduce your quantity of trade.

Sensex Resistance 17345-17493-17543. Support 17179-17065-16968-16887.

Nifty Resistance 5152-5177-5228. Support 5087-5048-5017-4979.

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