Market outlook for 22nd November

22/11/07

Market Outlook

Just look at yesterday's "Market Outlook" and see what i said and now on downside 5470 will be last and strong support and if held will move upwards and this time all chances of breaking 5470 is high and if breaks, then in coming day's nifty will move towards 5200 level.For today, on upper side, first resistance will come around 5630 and if gest past, then 5660 will be strong resistance and higher level selling is expected again.Watch out for the opening.

Stock watch for the day:

Infosys Technology: This stock is at crucial level and if stays below 1560, it will definitely test 1530-1520 level today itself.On upperside, above 1560 there might be some recovery upto 1585 level and above that strong resistance will be at 1610