Tuesday, November 27, 2007

Market Outlook for 27/11/07

27/11/07
Market Outlook

Nifty as expected continued its upward journey and even though found some selling at higher end, still ended in positive mode only.For today, market will be positive again and will be interesting to see whether it can cross 5810 and if crosses, then it might be one side movement today and if doesn't cross , again higher level selling will come.

Stock watch for the day:

Infosys: Eventhough this stock has shown some recovery, it is still below its strong resistance level at 1610 and if doesn't cross 1610, it will come down after initial raise and 1565 might be tested again on down side if 1610 is not taken off.

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