Tuesday, April 17, 2007

NIFTY OUTLOOK FOR 18.04.07

NIFTY.......great to spell and so tough to explain ...as the uk infaltion is not favaourable for the uk and it's trading lower international cues are also strong but some rumours are also coming to indian market which make me to take cautions as today we see profit booking not too much a little bit .but today is over and we start thinking about tomorrow what will happen tomorrow .

as dow is trading with a big gain and nasdaq is trading on a marginal gain and rest world market almost down...so i am expecting a week opening with 15-25 low opening after that market can only show buying with banking as today it is worst in the market ..and cement rally today but tomorrow we i am not geting sector to give rally as metal also i am expecting some cooling off as metal pack gives very smart rally these days .tomorrow range of nifty is 3975 major support and resistance we can see at 4009 if it crosses then we can see 4040 here is the profit booking point ..for all longs and sl for all short covering ..

b cautious today ..

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