Next 2 day's are very important for the market as market is one the verge of recovering and as i said, nifty seems to have made its bottom at 4440 strong support.For today, above 5200, it will be again move towards 5320 and then 5350 a very strong resistance.Today also higher levels will see selling again.If nifty starts trading below 5200 it is might test 5140-5100 again on downside.So, intraday players are to be benifited more in this kind of volatility provided they trade with discipline.
Stock watch for the day:
Inox (132): Remain above 130, it is a buy and will be move towards 138-143 and below 130, no buying.
Thursday, January 24, 2008
Market Outlook 24/01/08
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