1. As suggested by me yesterday that this rally do not appear to have the conviction and as a net result this rally can fizzle out any time and true to that India Stock Satyam- Maytas Infra deal fiasco added salt to pepper and led to the fall of the market.
2. Now BSE Sensex is at a crucial support of 9800 and has breached the same on negative side and thus one can see more down fall in days to come. Sensex support exists at 9600-9460 and Sensex resistance exists at 9800. NSE Nifty support exists at 2902-2883-2795 and NSE Nifty resistance exists at 3000.
Indian Stock Market review with Support and Resistances: 18 Dec 2008
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