Traders are uncertain now after yesterday's fall and selling will still continue on any raise today as market is yet to recover from shocking, historic slide yesterday.Market will be very volatile today also.For coming day's, 4970 should act as strong support and if breaks then we might see another 300-400 points fall in nifty.For today, watch out for 5265 trend and if moves above that level it will move towards 5300 first and then 5340 level.Downside, below 5200 nifty will try to test 5100 level again.
Stock watch for the day:
ITC : Watch this stock and if this is above 198, buy this for target 208-212.Don't buy this below 198
Tuesday, January 22, 2008
Market Outlook 22/01/08
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