Nifty & Sensex Today 17th October 2008.

17th October 2008.

Watch out for crucial hurdles at 11055 & 3441-3473 in further up surges.

Total stock specific approach advisable.

BSE index: (10581) Consider 10402 a crucial support, keep stop loss of 10290 to your buys.
Upward side crossover above 10788 it'll surge up further to 11055 which is a most crucial resistance where again selling pressure will be seen. Crossover above 11055 it'll surge up further to 11263-11287 & 11525, selling again on higher levels will be seen.
Downward side break below 10290 fresh selling will drag it down to 11150 & 10006.
Break below 10006 sudden panic will drag it down to 9800-9700.
Nifty Future: (3300) Consider 3230 a crucial support, keep stop loss of 3180 to your buys.
Upward side 3368 a crucial hurdle crossover above it'll surge up to 3442 & 3473. Consider 3442-3473 solid resistance area from where again selling pressure will be seen.
Crossover above 3473 it'll surge up further to 3518-3532 & 3615; selling on higher levels will be seen.
Downward side break below 3180 it'll turn very weak again & fall down to 3133 & 3059.
Break below 3059 some heavy panic will be seen.