Market Outlook 18/09/08

Expect volatile market today

Though indian market plunged in the opening yesterday, made a smart recovery later and then again ended in negative at closing and if nifty slides below 4000 today, 3900 might again play an decisive role here.On global front, cues are very negative as The Dow fell 449.36 to 10,609.66, finishing near its lowest point of the trading day and about $700 billion in investments vanished as the american financial problems have appeared to be facing the problems of its life time and investors seems to be very scary of stock market now.As the stock market staggered, the price of gold, which rises in times of panic, spiked as much as $90.40 an ounce. Bonds, a traditional safe haven for investors, also climbed.So, in indian market if there is low opening don't go for blind selling at lower end as buying will come at lower side.Today, if nifty gets past 4040 it will test 4100 today and staying below 4040 will be bad and lower end support will be at 3975 and then at 3925.Inflation figures will be announced today evening and market also will be volatile today.Last hour trading will be crucial again.

Stock watch for the day:

Today's calls only for clients