Yesterday nifty was too volatile as before some days back and as expected came down from high level but still protected 5110 support.For today, trend remains up till it is above 5110 and on downside 5070 is the strongest support and if at all it breaks 5070, total panic will be created.Yesterday DOW also closed down 142 points.On upperside, 5260 will be again the resistance to watch out for and crossover 5260 will take nifty towards 5285 and then 5400.Higher level selling will come again today.
Stock watch for the day:
HDIL (822):Watch this stock and if 816 is protecetd on downside, it will move to 840-850 today.
Friday, February 22, 2008
Market Outllok 22/02/08
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