Allround panic started when nifty broke 4970 as i told you in my blog and it was another big fall in the market today.Now nifty should hold on to my support level told to my clients at 4440 or esle we might see another 300-400 points slide from 4440.Till nifty holds 4440, it is good and below 5000, market is week.
Stock watch for the day:
ITC: This stock was week below 198 as told and once it broke 198 came down crashing towards 169
Following calls were given in yahoo messenger for clients:
Today told all my clients to take rest and not to initiate any intraday trades as market was very volatile and was looking very dangerous.Sometimes not trading is also a wise dicision.More over there is no rule that we have to initiate trades daily and that too in this dangerous volatile market
Tuesday, January 22, 2008
Intraday call performance 22/01/08
Market Outlook 22/01/08
Traders are uncertain now after yesterday's fall and selling will still continue on any raise today as market is yet to recover from shocking, historic slide yesterday.Market will be very volatile today also.For coming day's, 4970 should act as strong support and if breaks then we might see another 300-400 points fall in nifty.For today, watch out for 5265 trend and if moves above that level it will move towards 5300 first and then 5340 level.Downside, below 5200 nifty will try to test 5100 level again.
Stock watch for the day:
ITC : Watch this stock and if this is above 198, buy this for target 208-212.Don't buy this below 198
Subscribe to:
Posts (Atom)
