If nifty opens up high around 5200, beware of being longs as 5200-5225 is very very strong resistance area and nifty might well struggle to cross this resistance today.Opening holds the key and first 30 minutes high is very important and higher level selling is surely expected in today's market and also volatility- which was absent on expiry day may come today.So, be cautious today.On lower side, nifty below 5100 may test 5075 support and break of that might go straight to 5000 again.Today's closing is also very important.
Stock watch for the day:
Today's calls only for clients
Monday, April 28, 2008
Market Outlook 28/04/08
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment