January 30, 2008

RBI

The RBI's no change policy yesterday has seen a spill over effect today and so the market is looking weak. Nifty has strong resistance at 5400 where it witnesses selling pressure. Sensex has strong support at 17650 and Nifty at 5150. The US Fed rate cut tonight may see a rally tomorrow and take Nifty to 5350 or 5400. There is a lot of money waiting in the sidelines waiting to see a clearer directional call from the market..

Msg By Mr Ravi S

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