FII'S are taking the market as they like and they are turning out to be the main culprit of this fall and for those who have taken long positions in stock futures this fall is a nightmare now and as is aid, unless nifty clears 6100, nifty will witness fall on every raise now.According to me, nifty can make a stop around 5750 this time around in coming day's.For today, nifty will again face resistanmce around 6000 as yesterday and 5875 will be a strong support on downside and if nifty breaks 5875, then it will definitely move towarsd 5840 first.On upper side, even if nifty crosses 6000, itis nots afe as it will face very very strong resistance at 6030 today.
Stock watch for the day:
G.E.Shipping (472): Watch this stock and if 466 is not taken off, buy for a target of 485 and below 466 it's not a buy.
Friday, January 18, 2008
Market Outlook 18/01/08
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