Yesterday was a booming day for indian market after a very long long time and today one can expect some selling for sure and tomorrow's expiry will also bring in more volatility.Higher level, 5000 will be very very tough resistance to cross even tomorrow.For today, if nifty moves above 4900, it will face stiff resistance around 4955-4965 range and on downside below 4900 nifty will move towards 4850 first and if breaks that will straight away go to 4800 support area.Market will be very volatile for two day's for sure.
Stock watch for the day:
CESC (408): Watch this stock on higher side and if not able to cross 420, short it for targets 400-395
Wednesday, March 26, 2008
Market Outlook 26/03/08
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