Market was very bullish for the second consecutive day yesterday and nifty made a high of 5281.Nifty above 5260 will remain positive and below 5260, it may see some selling.Today, above 5260 nifty will target 5310 and if breaks 5310, then it will again move towards 5345.So, two strong resistances for today are 5310 and 5345 if nifty stays above 5260 and below 5260 nifty might fall upto 5220 first and then 5175 will be very strong support.Volatility may come again as expiry is tomorrow.
Stock watch for the day:
Bajaj Hindustan (257): Watch the strong support at 252 and if remains above this level, this stock will move towards 265-270
Wednesday, February 27, 2008
Market Outlook 27/02/08
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