Wall Street fell on Wednesday as negative sentiment was
generated by a report showing an unexpected decline in existing
home sales in the month of January. The key benchmark indices,
Dow Jones and NASDAQ fell by 1.09% and 1.14% respectively.
The Asian bourses are trading mixed with Nikkei up by 1.33%,
Hang Seng down by 0.71%and Singapore Nifty up by 13 points.
With Mixed global cues the domestic markets are expected to trade
range bound with high volatility – considering F&O expiry.
Technically nifty may take resistance at 2790/2815/2875 levels and
support at 2735/2705/2650 levels
Thursday, February 26, 2009
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