Market outlook for 28th November

28/11/07

Although market is very volatile ahead of expiry and week world markets, it is still not showing major weekness till now.For today, 5750 will be major resistance and above that nifty will fly and might hit 5785-5800 also-the final ressitance.Below 5750, nifty will remain week and 5630 will be major support on downside.Volatility will be too much for another 2,3 day's.Market recovery is possible today.Watch the levels mentioned above.

Stock watch for the day:

Infosys: Dollar improving and there are scopes of upmovement for today.Watch this stock when it moves upto 1590 and above that might test 1610 strong resistance and if still doesn't cross 1590, then weekness will continue.So, watch for 1590 resistance.Downside 1560 will be support.

SAIL: This stock has major support at 260 and if it holds on to 260, it will move upto 270-275 today.Downside, if 260 is taken off we might see 255.