Thursday, October 9, 2008

Nifty Update for October 10 - Inder Bhatia

The Indian market opened on a weak note and slid further. As the day progressed the market fell more than 7 percent. However, after the sun outage, Nifty saw a sharp pullback and closed above 3500 levels.

For the coming session if Nifty opens above 3551 it could test 3617-3698, and on the lower side 3310 would act as a support zone. A short-term pullback rally could touch 3800-3930 levels, stop-loss would be 3310.

HOT STOCK: RANBAXY

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