Today market may face selling if starts trading below 5190 and above 5190, market is good.Yesterday Dow closed 90 points down and indian market also might open low and expected to recover in the late afternoon session.Below 5190, nifty will test strong support at 5150 and above 5190, nifty will face strong resistance around 5240-5250 range today.
Stock watch for the day:
SAIL (182): Sell this stock at higher level with stop loss 190 for target 180-176
Tuesday, May 6, 2008
Market Outlook 06/05/08
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