- IIP Numbers - GDP grew 5.8% in Jan-March quarterThe sectors which registered significant growth rates in Q4 of FY09 over Q4 of FY08 are‘construction’ at 6.8%, `trade, hotels, transport and communication` at 6.3%, `financing, insurance, real estate and business services` at 9.5%, and `community, social and personal services` at 12.5%.
- The market unfolded and remained positive during the week.Technically the trend is still intact up and there is no sign of weakness witnessed on the charts as yet but as the market climbs higher it sets itself up for a reaction. The crucial supports on the way down are at 4270 and resistances on the way up are at 4500-4580-4650. So hold long with closing sl 4200.
- The Main Trend Is Up
- Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670
- LEVEL FOR THE DAY
- TECHNICAL OUTLOOK :
- Imp Support 4405, Imp Resistance 4490,
- Likely Trading Range 4365-4535,
- Trade on long Above 4395 and Vice versa
- Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
· DISCLAIMER
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