Atlast the big day of Reliance Power entry today.Nifty might recover above 5200 and if remains below 5200, it is still bearish.Overall market expected to be volatile again today.Watch the level of 5165 today and if nifty moves above that, buying might come heavily and nifty might even test 5260 resistance.Below 5100 nifty will again test 5025 first and if breaks then will be test of 4900 strong support.So, overall volatile day will be witnessed and if opening is strong, later selling might emerge and if opening is week, later buying will emerge.Watch the levels carefully and be carefull today. All power stocks might be in action today.
Stock watch for the day:
Tisco (751): Watch 740 support for tisco and if holds will start moving towards 776.
Monday, February 11, 2008
Market Outlook 11/02/08
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