Market again looking bullish only above 5190 and if nifty crosses 5270, one more heavy move might come.Below 5270 nifty might test 5200 and then 5190 and if it breaks 5190, there might be selling of some points for sure.Dow has also closed positive and looks to be consolidating above 13000 and this is a good sign for the market.
Stock watch for the day:
Tisco (797): Wath this stock at higher levels and short it near 810-815 with stop loss 825 for target 800-785
Monday, May 5, 2008
Market Outlook 05/05/08
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