Market is moving dangerously these day's and now the expiry effect will create some more volatility and nifty seems to be in make or break mode.Heavy manipulations are going on and looks set for expiry now and nifty may march towards 6000 fast or break down is almost evident now.For today, nifty will face strong resistance around 5360 range and if gets past this, then strong buying might emerge and below 5350 , nifty will remain week only.On Downside, 5200 and 5100 still holds strong supports for nifty.
Stock watch for the day:
Canara Bank (303): 297 is crucial trend for this and remain above 297 it will hit 309-316 today.Below 297, it is not a buy
Tuesday, January 29, 2008
Market Outlook 29/01/08
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