Wednesday, March 12, 2008

REC Listing, Nifty View

Today is one more big day for IPO market. REC is listing today. It is mostly to list above 120+ and may go up till 140+. Technically it is a good buy.

Nifty wil open Gap up and will rally a bit. But a very strong Resistance is there at 5000, where u can see some profit booking market might come down from somewhere near there. Asian markets also open 2% gap up trading at 3% + currently. US Markets closed in between 3% to 4%.

Some stocks lookng good for today are Crain,IndiaCEM,Ranbaxy, Renuka, mastek.

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