Week Ahead in Mkts: Minor support at 3915 |
MACRO TECHNICALS |
Devangshu Datta / New Delhi December 11, 2006 |
There's a support at about Nifty 3915 and another one lower down at 3875. |
Breadth signals were negative with advances far outnumbering declines. The BSE 500 lost 0.57 per cent. |
The Bank Nifty lost 1.52 per cent and the CNX IT lost 0.78 per cent. The FIIs bought in small quantities through most of the week but sold massively on Tuesday. Mutual funds sold heavily on Wednesday. |
Outlook: There |