Nifty went on breaking all resistances and closed above 5200 all in one day and now close to two important resistances at 5260 and then 5350 and higher level selling might be seen after this big rally yesterday.For today, below 5260 nifty will face selling and on downside, it has supports at 5140 and then last and strong support at 5070.
Stock watch for the day:
RNRL (132): Watch this stock and failure to cross 135 will invite selling which might take it to 126-122 level again.
Friday, February 15, 2008
Market Outlook 15/02/08
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