Today is expiry day and if indian market opens week and 4740 is not broken, definite pull back might be expected in the later session.Opening is interesting today.If nifty goes below 4740, then danger is there of more fall and if 4740 is protected, upmove till 4900 is possible today.Might be a play between 4740-4900 today.Overall very very volatile day and one has to be very carefull in booking profits whenver he gets.
Stock watch for the day:
Reliance Energy (1296): Watch this stock on raise and if it doesn't cross 1325, short it for target 1275-1260
Thursday, March 27, 2008
Market Outlook 27/03/08
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