STOCK VIEW: 1/24/10

Saturday, January 30, 2010

30 JAN 2010

Nifty took support at 4766 (marginally above the second support at 4735) and closes at 4891 (marginally above the first support at 4865).nifty now has resistance at 4945-4975 above which it should move up with momentum. If the momentum is not there we need to be cautious.
Dow closes at 10067 just at the support given on 250110

Nasdaq closed at 2140 just below the support given on 250110 and

S&P 500 closed at 1073 just at the support given on 250110.

Scrip to watch out for in the coming days :
L & T SL 1370 TGT 1495-1530
TATA POWER SL 1280 TGT 1345-1365
UNITECH SL 68 TGT 80-84.

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