Market seems to be playing around crucial support of 4800 and today also 4800 support will be very very crucial.Till it holds on to 4800, no problem.But, once if it gets broken allround panic will start in the market and one more strong selling will emerge for sure.For today, 4900 will be resistance and above that 4970 will be very very strong resistance and on downside, below 4900 nifty will try to test 4800 again and if breaks 4800, then will go down to first support at 4740 straight
Stock watch for the day:
Ispat Industries (38): This stock has broken strong support at 40 and now for today, below 40, it will test 36 and then 34.
Wednesday, March 5, 2008
Market Outlook 05/03/08
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