Interesting day of trading today- as usually after expiry, things will settle in a direction and today union budget announcement will bring about volatility again and initially amrket may pull up due to budget expectations and later on might come down.So, for today again watch out for 5300 resistance and crossover will test 5360 stiff ressitance and if crosses may test 5400 level.On downside, watch out for 5265 support line and below that, 5220 will be strong support.So, play the trend today along with union budget.
Stock watch for the day:
EKC (314): If this stock remains below 320, then it will test 305 support level on downside.
Friday, February 29, 2008
Market Outlook 29/02/08
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