Market Outlook 26/05/08

After breaking 5000, nifty directly made a low of 4940 and now near to big support at 4900 and this support will hold some meaning only if there is no gap down opening and if there is gap down opening below 4900, then 4860 will be very big support and there maybe heavy buying also later on if this support is not broken down and if bears hold on to low levels till the end of the day it's bad for the market.There seems to be some manipulation going on for expiry this week.For intraday, below 4900 support is only at 4860, which has be watched out and above 4900, nifty will test 4970 again and if breaks that level then we might see 5025 again which will act as big resistance again.So, watch out for a volatile and interesting day today.

Stock watch for the day:

Todays call only for clients