Nifty finally broke the trading range of 6100-6360 and now heading towards 6000-5900 level.For today, 6120-6130 will be very tough resistance on the upper side.Below 6050-a minor support nifty will go to 6000 today and then 5960 will be support.Overall an interesting day of trading today with volatility highlighted and trend downside.Global cues are also negative and Dow also ended more than 200 points down yesterday.
Stock watch for the day:
Lanco Infra (LITL) 794: Watch this stock above 800, it will shoot up to 825 as first target and 785 will be the strong support for this on downside.
Wednesday, January 16, 2008
Market outlook 16/01/08
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