Monday, June 2, 2008

Market Outlook 02/06/08




Now the market movements from here on will be interesting and till 4800 is held movements will be on upper side.Even though Inflation figures came out high, GDP numbers came out good and also crude oil has started falling now and also petrol hike has been postponed again for a week now. So, markets will open on a very positive note for today and nifty above 4875, will fly to 4925 and if crosses it may move to 4955 next..Higher level selling also might come today.Nifty has strong support at 4840 and then 4800 straight. U.S markets are also consolidating at higher levels now.

Stock watch for the day:



RCom (577): Buy this at dips with stop loss 568 for target 590-600

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