Nifty is hovering between 4740 support and 4835 resistance at the moment and any break of these levels will give another 100-150 points and the market is still undecided on its move.Till 4740 is held, it's a good buy and for today if nifty moves above 4800, it will try for 4835 tough resistance and if crosses, then it will aim straight away to 4900.Today again being last day of the week, higher level selling might come again.
Stock watch for the day:
J.P Associates (233): Short this stock at higher levels with stop loss 242 for lower targets of 232-229
Friday, April 4, 2008
Market Outlook 04/04/08
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