It was a low opening and a strong recovery at the end yesterday and market is very strong at present and further, the announcement of a coordinated central bank effort to increase liquidity in the financial markets have lifted DOW Jones 400 points yesterday in a single day and this will also effect indian market now.Today, it might be a gap up opening.If there is gap up opening, it might be around 4900 odd or 5000 straight.So, any dip wil be used for buying today.For today, above 4900 nifty will shoot upto 4960 and 5020.Below 4900, nifty downside might be limited to 4800.
Stock watch for the day:
JP Associates (251):Buy in dips with stop loss 240 for target 265
Wednesday, March 12, 2008
Market Outlook 12/03/08
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