Although nifty has closed above the important resistance of 4740, today it will slide down fast if it breaks 4740 again.There might be a gap down opening also.DJIA and Nasdaq have also turned weak due to credit concern and indian market might also just react to that.For today, if nifty stays above 4740, it wil move towards 4800 important figure and below 4740, nifty might test 4640 straight and if breaks, that then 4600 will be strong support to watch out for.
Stock watch for the day:
AurubindoPharma (289): If not able to cross 295, it will slide to 282-276 today.
Monday, March 17, 2008
Market Outlook 17/03/08
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