Market outlook for 13th november

13/11/07

Market behaved as told yesterday in my blog.It was low opening and then late recovery.Even though Nifty did make a late recovery, it still looks like just short covering and 5700 still play's a major resistance for sure and if not able to cross that level, nifty might again fall towards 5500 and in a day or two, this might be clear.For now, volatility continues and 5700 should be watched on upper side and 5476 on downside and failure to break above 5700, nifty might be heading towards 5250.So, watch out 5700 level.

Stock watch for today:

ISPAT INDUSTRIES: The stock has made moves in big way these day's and if it moves above 40, it will move to 42-43 today

BHARTI AIRTEL: This stock has already broken its major support and will be interesting to see whether it can hold 825 support which is likely to be tested today and break of that will definitely take this stock towards 800