Market outlook for 23rd November

23/11/07

Market Outlook

Even though nifty crashed as clearly told in yesterday's market outlook, Yesterday's volatility was too much and it brought nervousness among traders.Though nifty recovered at the end, still weekness continues and below 5630, nifty is sell at raise only and today also if nifty stay's below 5630, again restest of 5390 is possible and anytime nifty crosses 5630, allround buying will come.So, it's the play between 5390-5630.Watch out.

Stock watch for the day:

IDFC: This stock has lost its stream and below 190 mark, it looks still week and will move towards 180-175 again today only if stays below 190.If starts moving above 196 only it will turn out total bullish.