Although nifty is in bullish mode, it will face selling at higher level today.Moreover there is weekness in global market which also will effect indian market. Dow jones also closed down more than 200 points.For today, if nifty moves above 6300 then it will move towards 6330-6350.On downside, 6230-6240 is the support level.Below 6225, nifty might slide to 6190 straight.If nifty opens low today and supports are held, buying will come from support levels.
Stock watch for the day:
Orchid Chemicals (309): Watch this stock above 300 and if breaks 315 will fire towards 325-330 today.Below 300 it is not a buy today.
Monday, January 7, 2008
Market Outlook 07/01/08
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