Nifty closed in red yesterday and today being the inofsys result, market will be volatile again and if nifty crosses 6220 in this process, buying will emerge again and below 6220 nifty will remain week only.Today is also last day of the week and with all these factors, nifty will be volatile today.Below 6220, nifty will fall upto 6160 and then 6070 is the last final strong support
Stock watch for the day:
United Phosphorous (407): Watch this stock and if remains above 398, it will move to 420 today and below 398 will turn week
Bank of Baroda (444): Some buying may come above 440 and might move towards 450-455 and once it breaks 440, it will slide towards 430 range
Friday, January 11, 2008
Market Outlook 11/01/08
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