As you can see, market is exerting pressure at every raise and yesterday was not an exception here.Now, market again standing at the edge.If market starts sliding below 4735, there again weakness will come for sure and if nifty trades above 4735,chances of hitting 4800 is valid here.If nifty strats trading above 4800, then strong resistance will be around 4865 range.There maybe selling again at higher levels for sure and if market opens above 4740 also, chances of testing 4740 is very strong today.Still there are lots of uncertainties in the market and among traders.
Stock watch for the day:
Suzlon (285) : Short this stock on raise with stop loss 300 for targets 280-275
Thursday, April 3, 2008
Market Outlook 03/04/08
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