Daily Market Commentary ~ Share Bazaar News India

Tuesday, November 20, 2007

Daily Market Commentary

Indian shares are expected to slide on Tuesday, tracking weak global markets. However, some recovery may emerge in second half of day’s trading session on value buying at lower levels. It was another day of profit-booking at a Sensex level of 20,000, though it was more visible in banking stocks and a few other pivotals. The Sensex is now close to Friday's low of 19,472, below which last week's gap-up at 19,336-19,210 is the next support area. The Nifty has support at 5,920-5,890 and support at 5.960-5,990.

No comments: