It was a scary fall yesterday and as was saying in all these times, yesterday did turn out to be a big deciding day and nifty straight away made the lowof 4800 which was told a possibility last week.Now for today, 4800 will be strongest supporta nd below that one more support at 4740 and if these 2 supports are held, maybe bottom is made forbig upmove or if nifty breaks 4740, there might be one more panic and nifty might slide again to 4550-4600 straight.Watch out for 4800 on downside and if held, upmove might extend to 4890 and then 4930 level and above 4930 nifty might zoom again.If 4800 is broken anytime, then nifty might test 4740 which is the strongest support for today.
Stock watch for the day:
EKC: Above 306, EKC will target 322-324 today and below 306, it is not a buy.
Tuesday, February 12, 2008
Market Outlook 12/02/08
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