Today market sentiments are too good as also because of good results from Goldman Sachs Group and Lehman Brothers Holdings Inc. and a rate cut by the Federal Reserve.Indian market is also expected to open high and how high is interesting here.Nifty can open above 4620 and next resistance above 4620 will be 4675 and if crosses this, then strongest resistance wil come only at 4740.Below 4620 , nifty will remain weak again. So, watch out for opening today.Next 2 day's are holiday's for indian stock market and hence there might be last hour selling also.
Stock watch for the day:
Rcom (496): Buy this stock with stop loss 488 for target 515-520 today.
Wednesday, March 19, 2008
Market Outlook 19/03/08
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