Monday, June 9, 2008

Market Outlook 09/06/08


Friday DOW crashed, Crude is all time high at $138 a barrel and still expected to reach $150 within a week.So, suddenly all bad news are coming together and for today, indian market also expected to open low and as is aid, 4440 still holds the key and if this support is held it's good and if this support is broken, then there may be severe panic in the market.I am expecting slight pull back around 4440 support area.Opening and first 30 minutes trading is very important today and don't be long in any stock if 4440 gets broken (possibility very slim).On upper side, 4635 will be very very strong resistance for today.Play between 4440-4635 and any break of these levels will be deciding the future moves.

Stock watch for the day:

Todays call only for clients

No comments:

n