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Daily Review

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Market Review for 29th August 2008

BSE Sensex: (14048) the market did not remain above our crucial support of 14294 and cracked on the last day of the F&O expiry…so far weakness continues until strong support materializes

The support for the Sensex is 13685 and the resistance to the up move is at 14286

NSE Nifty: (4224) the support for the Nifty is at 4119 and the resistances to the up move is at 4318

Prakash Gaba CFT, MSTA (London) Call : 0-9322210907 Email : prakashgaba@hotmail.com

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.