NIfty started recovering from its losses and now 6220 is trend and above 6220 it might make a big move towards 6250-6260 level.On downside, if nifty is not able to trade above 6220, then supports are at 6170 and below that straight strong support is only at 6110.If nifty opens gap up, selling might also emerge from higher levels.Anyways, volatility will continue and thus providing some good day's for intraday players.
Stock watch for the day:
LITL (771): This stock is continuously facing selling at higher levels and for today if doesn't cross 800, sell it again with stop loss 800 for lower side target of 750
Monday, January 14, 2008
Market Outlook 14/01/08
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