Friday Sensex closed at 18266.10 (+221.46) and Nifty at 5476.10 (+63.75)
I think the crucial support level will be at 5340. If Nifty break that point there is a chance for downward trend up to 5170.
If the FIIs and Domestic investors are on the buying side, then market can go up to 5600 range.
The role of FIIs are very crucial. Now they are on the selling side because of the negative internal issues like long term GDP problem.
Domestic institution and retail investors are supporting market in this scenario.
Retail investors should make this opportunity as a buying option. But 2 things they must obey is
1) Invest only in A grade stocks.
2) Invest in a step by step manner.
Below I'm giving buying levels and resistances of various stocks of different sectors. Make investments only in that range. For queries mail me at hari08_indian@yahoo.com
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Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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