After managing to trade above 4900 for most part of the day, nifty just crashed in the last hour as there were FIIs selling heavily and nifty then touched 4800 and then moved up again and for today nifty has hurdle around 4900 and if breaks this it may try for 4930 and then 4960 testing will be on again.As long as nifty is holding its support at 4790, there is no much panic in the market for sure.But higher levels will exert pressure again.Inflation figures may set the trend today.As told, Nifty has final support at 4790 on downside and if breaks below that straight support at 4740-4700 only.
Stock watch for the day:
Satyam (524): Buy this with stop loss 519 for target 534-545.If slides below 519, it is not a buy.
Stock watch for the day:
Satyam (524): Buy this with stop loss 519 for target 534-545.If slides below 519, it is not a buy.
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