Much awaited FED rate cut is announced and The Federal Reserve cut its key interest rate another half point and this along with today's expiry will make the market very volatile today.DOW closed 37 points down yesterday.So, be cautious in trading.For today, 5200 will be the trend and above that nifty will turn towards 5280 big resistance and above that will zoom towards 5330-5350.Below 5200, nifty will remain very week and first it will target 5100 support and then 5000.Overall, market will be volatile today.
Stock watch for the day:
Adlabs (1030): Watch this stock at higher levels and below 1059 it is sell for target 990.Only if stays below 1059
Thursday, January 31, 2008
Market Outlook 31/01/08
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