Market has started moving up after expiry and for today, if nifty moves above 5350 it will be test of 5420 and if crosses 5420, then resistance will come around 5485 for today.On downside, below 5350 nifty will test 5230 support.Overall, eventhough market seems to be good for today, selling might come if 5420 is not crossed or even when nifty breaks 5350 after moving up anytime.But, if nifty remains above 5420 heavy buying might take it near 5485.
Stock watch for the day:
Tisco (776): Pick this stock at dips with stop 762 for targets 790-795
Monday, February 4, 2008
Market Outlook 04/02/08
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