| Week Ahead in Mkts: Pullback to 4,500 likely |
| MACRO TECHNICALS |
| Devangshu Datta / New Delhi July 30, 2007 |
| Both 4,500 and 4,550 levels are significant resistances and it would take extraordinary turnaround in sentiment to push prices up further. |
| A massive sell off on Friday pulled the market back from record highs. The Nifty closed at 4,445.2 losing 2.46 per cent on a week-to-week basis. The Sensex was down 2.12 per cent at 15,234.57 points. |
| For the record, the Nifty and Sensex achieved all time highs on Tuesday at 4,647 and 15,868 respectively. |
| Volumes were massive on Friday |
