Tuesday, August 18, 2009

GLOBAL MARKET TUMBLES

India too participated in the global sell off breaking all supports and testing the previous low. By today's selling, hourly charts will be in oversold. Pivot for today is NF 4412 with support around 4333-4319-4293. For strength NF has to trade over 4454. Break of previous lows can take us to 4200 levels in coming days.