Volatile movements are common in these day's and nifty is moving between 6100-6360 range now and any break of this range might give another 100-150 points on upper side or down side.Yesterday nifty closed above 6200 and is in bullish mode for today and again the resistance for today's trading will be at 6250-6260 range.Failure to crossover will induce selling at higher levels again.On downside, nifty has supports at 6170 and 6130.So, enjoy the range and volatility.
Stock watch for the day:
Satyam Computers (399): This stock has fallen to its 52 week low now.Watch this stock and if 410 is not crossed on upper side, sell near that level for lower side target of 388.
Tuesday, January 15, 2008
Market Outlook 15/01/08
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