High volatile market today
Though market rallied yesterday, it was clearly seen the higher level pressure around 4200 and as told you all, it is definitely looking like moving below 4100 anytime.On global scenario, The Dow Jones industrial average fell 29.00 to 10,825.17.Light, sweet crude for November delivery fell 88 cents to settle at $105.73 a barrel on the New York Mercantile Exchange.Investors are still confused on the U.S plans of huge bail out in finance sectors.In indian market today, one can witness high volatility due to expiry of September month F&O contract.If nifty moves above 4180, it will retest 4210 resistance again and if crosses, 4240 will be tough resistance to cross and on downside, break below 4140 can take it towards 4115 first and then 4090.Get ready for last hour volatile trading today.
Stock watch for the day:
Today's calls only for clients
Thursday, September 25, 2008
Market Outlook 25/09/08
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