After 3 day's holiday's market will open today and final test will be 5190 and above that market will be very bullish now and if nifty fails to cross 5190, there might be some profit booking today.World market clues are also positive inspite of raising oil and indian market also expected to go up, but caution is required to see how it reacts at higher levels as profit booking also might come at higher levels.For today, if nifty gets past 5190, it will move towards 5220-5240 level where selling might come and if nifty failes to break 5190, 5100 will be tested again today.
Stock watch for the day:
RCom: Buy this stock in small dips with stop loss 588 for target 615-625
Tuesday, May 20, 2008
Market Outlook 20/05/08
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