Tomorrow is a trading holiday and hence market will be closed for next 3 days and today volatility will continue and nifty below 4975 as i said, remains weak only.For today, above 4840 nifty looks good for 4940 and if crosses might test 4960-4970 range and be carefull on higher side as there might be selling coming there.As i said 4840 will be big support to watch out.There was good trading in U.S market aslo with good results from JP Morgan.
Stock watch for the day:
RNRL (107): Buy this with stop loss 104 for target 111-114
Thursday, April 17, 2008
Market Outlook 17/04/08
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