After dropping to low of 4580, nifty might move up today and on upperside 5740 is again a main hurdle to cross and today being the last day of the week, it's interesting to see the market behaviour.For today, watch out for crucial support at 4600 and above this nifty will move towards 4675 first and then if crosses will try for 4740 tough resistance.On lower side, if nifty breaks 4600, trend might become very bearish again and nifty might even crash to 4500 levels today itself.Chances of breaking 4600 is very remote today as also U.S markets have recovered yesterday.
Stock watch for the day:
CESC (470): Watch this stock and if support 460 is held, buy for target 485-492.Below 460, it is not a buy.
Friday, March 14, 2008
Market Outlook 14/03/08
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