Market outlook for 16th november
Market consolidation continues and is nicely poised now and today being last day of the week, volatility is expected.Nifty is continuously facing resistance around 5960 and if crosses, will target 6000 range.Below 5900, nifty has great suport near 5860 and it looks like move between 5860 to 5960 today and any break out from this range will be another 40 points.
Stock watch for today:
Infosys: This stock couldn't retain its momentum came on wednesday and continued its downward journey and today 1670 will be crucial for it and if stays below that will try 1620-1610 again and above 1670 might hit 1695.But, looks more on downside now.
VSNL: This stock is taken beating from many day's and now it is recoevring well enough.If stays above 533, this will hit 555-565 today itself
Friday, November 16, 2007
Market outlook for 16th november
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