Today is the last day of the weak and also monday is a trading holiday and next weak we have only 3 trading days.Inflation numbers are also expecetd in the afternoon and market also may trade flat tilL the figures get announced in the afternoon and some selling might come again if the inflation is high and it is expected to be more than 7% this time.Tuesday is infosys result and hence, lots of action might be seen in IT stocks and market will be volatile today.For today, if nifty stays below 4740, it wil remainw eaka nd may test 470 firsta nd then 4670 will be tested if 4700 is taken off and on upper side above 4740, 4800 will be stiff resistance again to watch out for.
Stock watch for the day:
Ranbaxy (452): Short this stock on raise keeping a stop loss of 468 for target 440-435
Friday, April 11, 2008
Market Outllook 11/04/08
Subscribe to:
Post Comments (Atom)
1 comment:
when are u updating premarket analysis. I could not find it upto 9.40 am. Whereas it has been shown as updated @ 8.08 am. Is it possible to observe it as a guest viewer. Please advise. Thank u in advance.
Post a Comment