We dont have very encouraging global cues to start with. Note our outlook yesterday, market stopped precisely around the 5030 levels. Now its an interesting a make or break situation. Will this run continue upwards??? We will know today. If it continues up and closes above 5010 longs can continue holding for higher targets...however be cautious on the upside until the breakout gets "REAL" this can only be a pullback rally.
For today watch these stocks
SAIL - 180 is strong resistance. If it breaks 180 it will fly. If its unable to cross this level, it can fall to 160.
SATYAM - BELOW 449 it will crash
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Tuesday, April 22, 2008
Market update 22 April
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