The sun never sets on Dubai World -- Will it set this time.??

Dubai Debt Crisis has sent shock waves across the globe bringing back the memory of worst financial crisis which we witnessed last year.

American Markets are closed on account of Thanks Giving Day holiday. European Markets are feeling the pinch and most of the markets are trading in negative with loss of more than 2 %.

One can read about the crisis in brief at

http://www.bloomberg.com/apps/news?pid=20601087&sid=aRsjlClzl500


Our markets were showing signs of weakness and this crisis may act as a trigger for a deeper corrections.
Nifty 50 DMA is around 4970 and if Nifty is not able to trade above it then we may see the possibility of retesting it the recent pivots of 4538- 4550.Every major dips should be used to buy. One can refer to our list of all time high stocks for reference.
Health care sector do well in falling market.

Glaxo has had four days of correction and has found support at 20 DMA . It has support at 1590 and resistance is at 1715.

Orchid Chemical has support at 175 and resistance at 210.

Realty, Infra are the weakest sectors and Banking stocks may also get affected in short term by the negative sentiments arisen out of Dubai crisis