Nifty managed to close above 5000 and now looking towards 5100 first and then still higher.For today, if nifty manages to get past 5060, it will face strong resistance in the range betwen 5110-5120 and if nifty failes to clear 5060, it will test 5000 first and then 4960 strong support straight.Market is looking very bullish today.This week again expiry will bring in volatility in the market.
Stock watch for the day:
RCom (560): Buy this stock at dips with stop loss 545 for target 565-575
Tuesday, April 22, 2008
Market Outlook 22/04/08
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