The bottoms wiped…….

The bottom supports of many stocks wiped out once the Nifty lost the support at 4396 level. The Nifty faced resistance at 4418 level itself. The move below the 4396 level triggered heavy sell off and the long positions winding pulled the indices to a previous expected level that even damaged due this heavy selling in Banking and reality sector. (In the earlier post it was mentioned about the levels titled as … The weakening of stocks…dt19-08-2008… the Nifty is having resistance at 4451-53 level, good if it could trade above 4416 -18 level, the first support in the down move 4336-30 level and the best for this day is at 4302-4296 level. Good luck).

The Bharti failed to cross the high of 818, RCOM to cross 418, RPL failed to move above 163 level and RIL to cross the 1264 levels. The positive side even in the steep fall is that the RIL could stay above 2000 level. The good part of the day is that the SAIL stood against the trend made some accumulation. The star of the heavy weight is RANBAXY that rallied to 515+ levels.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.