Negative 2010 has been said http://www.youtube.com/user/akprabhakar#p/u/0/Bz7gOwh0LnA this is Video of Mumbai seminar done on 02/April/2010 Friday and I would request to view the video and pass it on to others.
Nifty (5090) Nifty has closed @ lowest level in 10weeks and with FIIs selling and Global sell-off 200EDMA which is @ 4870 would be immediate support below which 3months low 4675 would be important level to watch.
Sensex(16987) after Gap-down (17653-17669) has shown lot of weakness and in the last 9months 17k level in Sensex has been a level where it has been trading and now 16300 would become important support below which we cut 200EDMA after March2009 and in the last 9month Sensex support has been 15330 which would be crucial support going forward.
Outlook: Most Index stocks already trading below 200DMA with Banking & Metal would possibly pull Markets down faster due to excess leverage position.
U.S. stocks ended with steep losses Thursday after an afternoon meltdown had the Dow falling nearly 1,000 points - its biggest intraday drop ever - before a comeback of sorts, as Europe's troubles took hold on Wall Street and amid talk errant trades exacerbated the swift selloff. http://www.marketwatch.com/story/us-stocks-struggle-data-retailers-in-focus-2010-05-06?dist=afterbell
U.S. stocks ended with steep losses Thursday after an afternoon meltdown had the Dow falling nearly 1,000 points - its biggest intraday drop ever - before a comeback of sorts, as Europe's troubles took hold on Wall Street and amid talk errant trades exacerbated the swift selloff. http://www.marketwatch.com/story/us-stocks-struggle-data-retailers-in-focus-2010-05-06?dist=afterbell
