Monday, February 16, 2009

Market status as on Feb 16, 2009

CLICK on picture to enlarge.

The market is still BEARISH.
Not a good place for the longs.
Not a good time to buy.

There may be a chance that it could get support at 7500 to 8000 zone, because that was the place where there was previous support in 2002.




Let us see what happens.