Atlast nifty crossed 5150 and made high of 5210.Even today, things are looking bullish but higher level selling might come.For today, if nifty moves above 5210 it will face strong resistance around 5250-5260 and is very difficult to cross this resistance today.If crosses this resistance, then another huge upmove might be seen.Selling might come from higher levels today.If nifty doesnt cross 5210, then it may test 5150 suport and then 5090.Tomorrow being a trading holiday, today's moves and closing is very interesting.
Stock watch for the day:
DLF Limited (725): Buy this stock in dips with stop loss 705 for target 735-740
Wednesday, April 30, 2008
Market Outlook 30/04/08
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