Monday, November 5, 2007

It is a quiet start for the market on Monday. The Nifty started opened on the lower side, whereas the Sensex on the upper. The BSE 30-share index is currently trading at 19,917, down 58 points and the Nifty is at 5906, down 25 points from the previous close.

If the Nifty falls below 5850, then it can go down to 5770, says a technical analyst, on Zee Business.

The market has some more upside left, but it is close to its near-term top, which might be attained in the next 2-3 days, says Deepak Jasani of HDFC Securities, on CNBC Awaaz. He therefore suggests booking profits now.




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