SMI –4th April 2013 – Market View

Posted By : Kishore B.S

Hi friends,

The markets tanked yesterday just because of the political statement of the BJP leader LK Advani with regard to early polls, creating a political vacuum, for the markets to get into the jeopardy mode.

As envisaged the support of the 5720-5680 was clearly breached and now the technical charts are indicating that the final and last support to watchout would be the 5600 levels which if not sustained would lead to the markets drowning further down to the 5500-5400 levels.

 

(Inputs: Basket option Research bureau – Bangalore)

Cheers!!

Team SMI

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