It was a scary fall in the market yesterday in the late afternoon as it tested 4700 straight once it broke its support at 4800 and now if starts sliding below 4700, its strongest support lies around 4620-4635 range and this will be very very big support for nifty now.Oil problems was the major set back for stock markets as no one imagined it to go over $130 a barrel and higher oil prices hurt our economy also and yesterday, some rumours of government falling also contributed to this down fall.Anyways, if there is down opening today near 4620, never short blindly as there may be buying coming in and will be interesting to see whether 4620-4635 support can be held now as it looks so strong that if breaches will go staright to test 4440 which looks more scary or this support will be base again for big upmove.For today, concentrate on 4620-4635 on downside and 4800 on upperside.Above 4700 nifty will face tough ressitance around 4800 Play the range today.
Stock watch for the day:
Todays call only for clients
Stock watch for the day:
Todays call only for clients
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