BLOODBATH : THIS COULD BE MY TITLE OF MY POST FOR TOMORROW GLOBAL UPDATE: Standard & Poor's has cut its rating on Greece to "junk" territory (i.e BB+)S&P has also cut credit rating of Portugal US MARKETS : DOW*:- 112 POINTS (-1%) EUROPEAN MARKETS* : FTSE 100 :-150.33 ( -2.61% ) DAX 30 -172.59 (-2.73% ) CAC 40: -152.79( -3.82%)
*up till 11.45 pm IST
MOVING AVERAGE SUPPORT: NIFTY TOOK SUPPORT 20 D SMA AT 5300 (BOX) AND CLOSED AT 5308
LEVELS TO WATCH : 5265 , 5235 , 5215 and 5200
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