THE PRAGMATIC ADVISOR           

                EXPLORER                                                                        28thAPRIL'99

                                                                      CLOSE            CHANGE

                                      SENSEX                    3245.27           -161.30

                                      NSE 50                       931.35            -50.65
                                                                                                      
 NEWS EXCHANGE
                                                                                                   
           The break of support at 950 puts the focus on the next support level in the form of the 200 DMA at 920 and retracement level at 910. The trend of the market would be determined by the behaviour of the market at these levels.Crucial bills like the Insurance and Patents Bills will now have to wait until elections are held. This would be a dampening effect on the market and consequently an uptrend looks pretty difficult.

           The intraday supports for the Nifty lie at 918 and 905 while resistances come in at 950 and 956. For th Sensex the resistances come in at 3300 and 3330 while the support come in at 3220 and 3195.