Nifty is continuing its volatility and still below strong resistance at 6360 and more over the advance decline ratio is in favor of bears.Nifty is facing continuous selling at higher levels.Today, again buying will come but nifty will show its total bullishness only above 6360 level.Watch out for level 6220-6360 today.First resistance wil come at 6230 for nifty and if doesn't get past, will slide.On downside, supports are at 6230-6220 level.
Stock watch for the day:
NIIT Technologies (231): This stock is facing continuous pressure on upper side.Sell this stock around 234 stop 238 for target 225
Thursday, January 10, 2008
Market Outlook 10/01/08
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