Nifty again managed to maintain 4900 support and came up breaking 5000 and closing above it and for today, if nifty stays above 5000 it will first hit 5050 and crossover will straightaway test 5100-5115 resistance where again selling might emerge.The only very strong resistance for nifty is 5190.If nifty breaks 5000, again testing of 4950 and 4900 is possible.But for today, sentiments are looking good and market is looking bullish for the day.
Stock watch for the day:
RPL(184) :Buy this on small dips with stop 179.5 for target 189-192
Thursday, May 15, 2008
Market Outlook 15/05/08
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