The US fall spreads red….

Steep fall in ADRs..........The US credit concerns meted the Indian ADRs also ….

The ICICI bank lost more than 10 %, HDFC bank lost more than 8%, Satyam, Infy and Wipro lost more than 5%.. So we can expect the same here….

The ONGC has upside cap at 1070 level and the bottom support at 970-965 level and likely to see red.
The SBI has resistance at 1515 level and the support at 1430 and at1400 level.
The ICICI will become weak below 721 and likely to touch at 663 level.
The RCOM is strong above 509 and weak below 493 and likely to touch at 471 and the next support at 457-59 level.
The Relcap has one of the strong upward momentums but will succumb to the down ward pressure and find support at 1290-96 level.
The Reality sector may face selling pressure; DLF is strong above 506 and weak below 495 and has good support at 460 level.
The JP is good above 174 and weak below 169 and will become further weak below 157.
The metals lost their sheen yesterday so they oscillate, Tata steel weak below 631 and strong support and good for delivery only above 685.
Infy is good above 1585 and weak below 1563, Satyam is good above 379-81 level and Wipro is in bull grip very good above 428 level.

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