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![]() MARKET OUTLOOK:WWW.ASHOKSHARMA.CO.CC..By Aksctc on Dec 01, 2009 at 09:55 PM
Strength in global indices saw our indices opening on a firm note and later surged higher on back of positive OPENING IN EUROPE. Market breadth for the session turned positive with sectoral indices mirroring the same. On other hand NSE cash volumes witnessed significant declines . We continue to reiterate our earlier view, that technically, recent low of 4980 will remain a key support in near term. On higher side 5180-5200 will remain crucial hurdle. On correction both short term averages will help markets for sustainability around lower levels. In any case breach of 5200 by NIFTY will need a fresh review. Well our strategy for tomorrow will be same. focus on midcap and small caps forgetting about the nifty which should be left alone to cross the hurdle of 5200 convincingly with volume and positive breadth. our recent find northgate picked at Rs 27 is running hard we shortly update the target as a major news is expected on this counter, till than hold the counter close to your heart which will prove another show stopper for all those following us. Tomorrow will be the crucial day as bulls are getting ready to take out 5200 with a bang, while our research team is burning midnite oil to find out money making hidden gems. HAPPY INVESTING
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