Nifty has support at 3896: Anagram

According to Anagram Research report, the Nifty has support at 3896. 

Anagram Research report:

The failure of IndyMac and the rescuing of Fannie Mae and Freddie Mac has weakened the banking stocks the world over and markets across the globe are taking a hit.  Our own Axis bank, put up a brilliant performance, better than the wildest of expectations, and yet finished lower for the day. Don't question the wisdom of the markets. Remember 2001, when Infosys produced even better results than what the markets expected each quarter and the stock was rewarded with a black eye or bleeding nose every following quarter.

The manner in which Mr Karat is going about looking around every single vote to pull down the Government, should make the markets revise their expectations of the outcome of the trust vote. It now seems that the trust vote  is not going to be a cake walk, as expected by the markets. Today will be the third day of the fall of the IT stocks. Some semblance of buying could emerge in the battered sector. The Nifty has support at 3896.

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