Market Update - 28.09.2011

11.07AM - 4920 KE NICHE BECHO INDIA BECHO

10.53AM - BIG NEWS OF WORLD WILL BE KNOWN TOMORROW...WHEN GERMANS WILL MEET...TO CHALK THE DETAILS OF EXTRA FUNDS WHICH THEY HAVE TO PUT TO SAVE THE EUROPEAN ECONOMY. NOW ALL DEPENDS UPON MEMBERS HOW MUCH THEY AGREE AND IF SOME BACK OUT CAN PUT AGAIN WORLD MKTS IN PRESSURE...THIS WAS REASON WHY DOW YESTERDAY FELL FROM HIGHS OF 250 TO CLOSE NEAR 150..AND EARLY MORNING IT IS DOWN 40--50...Source : Friend on Facebook

9.52AM - 4980 WILL ACT AS IMMEDIATE RESISTANCE & 4930 WILL ACT AS IMMEDIATE SUPPORT. BREAKING THIS RANGE WILL DECIDE FURTHER MOVES OF THE MARKET. LOOKING TO THE OPTION STATISTIC , CHANCES OF BREAKING 4900 IS UNLIKELY. TAKE YOUR POSITION ACCORDINGLY