Nifty has moved towards 6200 yesterdaya nd for today 6200 will act as tough resistance again.Crude oil has reached arecord $100 yesterday and Global markets are also showing weekness and DOW closed down more than 200 points.So, indian market might show weekness today.On upper side, 6200 will be tough resistance for todaya nd if able to cross, it might just test 6240 range and below 6200, supports will be at 6140 and 6110.If opens on a week note and supports are held then buying might come later on.
Stock watch for the day:
G.E Shipping (545): This stock has started showing weekness now and one can try shorting at 555 stop 565 for targets 540-535
Thursday, January 3, 2008
Market Outlook 03/01/08
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment