Market witnessed heavy selling yesterday and it looked more of a consolidation for another upmove.For today if nifty moves above 5190 it will try for 5230 first and then 5260 tough resistance.If nifty breaks 5110, it will test 5060-5050 support range.Overall next 2 days are very important for the market trend.
Stock watch for the day:
J.P Associates (272): Short this at higher levels with stop loss 285 for target 266-262
Wednesday, May 7, 2008
Market Outlook 07/05/08
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