After yesterday's volatile market and heeavy selling, there might be some recovery today from lower end.There might be gap dow opening or even gap up opening as market is very unpredictable today.But there will be some pull back from lower end for sure.If market continues from yesterday, then we got to look at lower end supports at 5080 and then 5000.On upper side, above 5200, look out for 5260 strong resistance again.However in these kinds of market taking overnight positions is very dangerous and only intraday is looking safer if one plays with ultimate caution without hurrying into trades.As i told you 11th of this month will be an interesting day because of reliance power entry.
Stock watch for the day:
RNRL (151): Watch this stock at supports 140-130 in case of gap down opening or else buy this above 153.6 for targets 157-163
Friday, February 8, 2008
Market Outlook 08/02/08
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