At last the much expected expiry is over and nifty also closed around 4800 level and will be interesting to see nifty movements here on.Nifty has to slide again below 4740 and towards 4600 in coming days again and whether nifty breaks 4740 today or in 2-3 days is interesting as on upper side 5000 is very very tough resistance to break.For today, above 4800 nifty will move towards 4870 and then 4920 where strong resistance will come in and if nifty slides below 4800, then danger of testing 4770 first and if breaks then real possiblity of testing major support at 4740 is on cards.Today also being the last day of the week, some selling will come for sure.
Stock watch for the day:
RCom (538): Watch this stock on upper side and if not able to cross 551, short it for target 530-525
Friday, March 28, 2008
Market Outlook 28/03/08
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