Tuesday, January 1, 2008

Market Outlook 01/01/08

New-Year trading today might be very bullish if 6110 is protected and it looks as if nifty is clearly heading for 6300-6400 now.Anyways, for today 6100 will be major support and on upper side, resistance will be around 6180 and then 6200 and below 6100, strong support is at 6065.Yesterday nifty clearly broke the strong resistance and moved on upper side and turned bullish and if this momentum is maintained today also, nifty will head towards new high now onwards.
Stock watch for the day:


Mosaer Baer (308):This stock has a great support at 300 and moving upwards it is targeting 320-325 today itself.

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