Market may open lower today....
In effect of terrorist attacks in Bangalore and Ahmedabad, indian market might open lower today and volatility can also be expected in this week because of expiry on thursday.Tomorrow's RBI meeting also very important for the market.On global front, U.S. light crude for September delivery rose 9 cents to $123.35 a barrel by 2335 GMT. The contract fell $2.23 on Friday to settle at $123.26, after falling to as low as $122.50, the lowest since June 5.The Dow Jones industrial average DJI rose 21.41 points to 11,370.69.For today, nifty has support at 4300 and if nifty breaks 4300 then next support is only at 4265 and 4220.On higher side, nifty has resisitance at 4340 and then 4375.Be careful in trading this week because of the volatility factor.If the lower side supports are not broken down, buying will come again in the market.
Stock watch for the day:
Today's calls only for clients
Monday, July 28, 2008
Market Outlook 28/07/08
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