World markets are recovering from low's and indian market is still not showing any perfect move as it is facing selling pressure at every high and as mentioned before, 4740 still looks to be a strong resistance and if nifty doesn't cross 4740 level in another 2-3 day's, we are surely in trouble and nifty wil definitely break down severely in this scenario.For today, nifty above 4600 will aim straight to 4675 and above that it wil be a challenge to test 4740-a very very crucial resistance If nifty starts sliding below 4550, it might be bad for the market again and expiry week will also bring in lots of volatility for sure.
Stock watch for the day:
Yes Bank (137): Buy this stock at dips with stop loss 130 for target 143-145
Monday, March 24, 2008
Market Outlook 24/03/08
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