It was allround buying yesterday which took nifty towards 5368 high and at the end gave up some gains it had in the morning to close at 5281.For today also trend is bullish only until nifty holds on to 5220 and 5140 styrongest supports on downside.Every dip is used for buying and nifty is heading towards major resistance of 5550-5600 level where selling is expected.For today, above 5300 it will again move towards 5350 first and then will aim for 5400 level and below 5300, nifty might slip to 5240 level, which should hold or else test of 5220-5200 is possible.Today even if there is lower opening, there will be buying coming at low.
Stock watch for the day:
Bharti Tele (889):Watch this stock above 893 and might blast upto 915-925
Wednesday, February 20, 2008
Market Outlook 20/02/08
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