Thursday, May 29, 2008

Market Outlook 29/05/08


Due to crude oil slide and IT stocks surge, market went up in the last hour yesterday and took nifty above 4900 to close in positive zone and there might also be a gap up opening today and today being expiry day one can expect lots of volatility in the market and higher level selling also will be there.So, for today nifty above 4930 will shoot to 4970 and if breaks this level only further buying might come to take nifty towards 5015 big resistance or else selling might emerge again around this 4970.On downside, 4890 will be support for today and if breaks this then move towards 4840 is on again.

Stock watch for the day:

Todays call only for clients

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