Nifty has two important supports at 4800 and 4740 and till these supports are held trend is up.For today, it will move up towards 5930 first and then crossover 5950, allround buying might come.But 5930-5950 range is very strong resistance and there are possiblity of higher level selling again.So, play with caution in this volatile market.Yesterday DOW has ended in green and nifty also might move up and then face selling.
Stock watch for the day:
Developement Credit Bank (D.C.B): This stock is on the recovering edge now and one can buy this stock with stop loss 98 for targets 105 and 110.Below 98, it is not a buy.
Wednesday, February 13, 2008
Market Outlook13/02/08
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1 comment:
Check out your NIFTY levels dude.. U seem to be living in a myth...
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