As expected, market broke 5700 and now in down trend and definitely looking towards 5500.For today,watch out for opening and if the opening is 100 points down and nifty near 5500, then you might see some buying for today as 5500 is the big support and if opening is not low, then there will be selling coming on every raise today.Watch out for crucial support at 5500 and break of that might take nifty towards 5200 level and below that 5000 is the major support and let us all keep our fingures crossed that corrections won't reach that point.
Stock watch for today:
SAIL: This stock is showing weekness and below 250, it will come down to 220-225 range.
Monday, November 12, 2007
Market outlook for 12th november
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