Friday, January 4, 2008

Market Outlook 04/01/08

Nifty ended in the same range as day before and unless 6110 is broken it is buy at dips only.On upper side, there is a stiff resistance around 6240- crossover can fire even to 6280-6300 today itself.Interesting day for nifty as there might also be selling coming at higher end because of week ending.Downside, watch out for 6140 and 6110 supports.

Stock watch for the day:

Viceroy Hotels (132):Watch this stock and if 130 is not broken today it will move towards 138-142 today.Only above 130

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