Market slipped again after initial rise yesterday as expected.Volatility is continuing and nift taking time now to settled down.For today, 5000 will be crucial support and if nifty remains above 5000 it will try to move towards 5100-5160.If nifty starts moving below 5000, it won't be good for the market and may slide towards 4940 first and then 4900.
Stock watch for the day:
Union Bank (196): Buy this stock above 190 for target 205-215.If stock trades below 190, it's not a buy
Friday, January 25, 2008
Market Outlook 25/01/08
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