NIfty crashed due to heavy selling by FIIs and volatility will continue for the time being and many investors are trapped in futures holding long positions and are worried a lot.For today, some pull back will be seen for sure and 5750 will be the trend to watch out for...if nifty is able to move above 5750, then it might target 5800 on the upper side and if nifty holds above 5800, it is good for the market and if nifty trades below 5700, then market will be in trouble again and lower supports are at 5660 and then 5625.
Stock watch for the day:
GMR Infra (203): Watch this stock for some time and if not able to cross 211, short it at high for lower target of 198
Monday, January 21, 2008
Market Outlook 21/01/08
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