NIFTY OUTLOOK FOR 01/10/2010

Due to huge relief on Ayodhya issue, MARKET today will open gap up try to touch 6080 briefly in the first half and will remain volatile in the first half and face technical resistance at 6120 and support at 6000. NIFTY will play in the range for some time trying to break-out. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 6120 with volume may see NIFTY testing earlier highs of 6180 levels.

 

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