Market outlook, trading strategy and free intraday tips for 08.02.2010 focus on MIDCAP space. WWW.ASHOKSHRAMA.CO.CC
Market will open weak today. It is expected to be range bound & volatile in the later half. Interim GDP data to be released today. Europe is expected to show bounce, so keep close watch on European markets. The real danger in the short term will be the dollar index and any close above 81 will send tremors in international markets. Market today has a support at 4680 and also will find difficult in crossing 4785.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 4680-4785.
- US & European markets closed negative on friday.
- Asian market opened mixed.
- SGX nifty down at 4713 points.
- Dollar index is at 80.41
- Gold and crude are also down.
Stock pick of the day :RENUKA SUGAR