Markets looks weak, Nifty May test 2200
January 23rd, 2009
Financial results announced by the companies so far has been mixed with banks doing good and serves sector also more less in line, but the mid cap stocks seem have not performed as expected,
Effect of the slowdown and higher interest expense and cost of raw martial going high has bought the profits down and markets to its lower channel and support at 2700-2650.
Market analyst feel once the market breaks this level the Nifty may see father selling and come down and test 2200.