Market Outlook for today

07/11/07

It will be more interesting to see reliance pack perform today.Don't be surprised if it starts moving up again and if nifty manages above 5700, well one might get dewali bumper today itself.Stocks like RPL, Reliance Energy, RNRL, Reliance Capital are more intereting today.Overall nifty has major support at 5700 and hope it holds on for upmove.

STOCKS TO WATCH TODAY:

UTV SOFTWARE: This stock is near to its big support of 696 and if start moving below that might go till 675-680 and if it is above 704, then 725-735 is possible today and if moves above 735, might test 765 straight.

I-flex: Showing weekness now and facing selling at every raise and today also it will face selling at high.Today 1480 is big resistance and in all probability, it may not cross that and might slide to 1420-1430 today itself.

Ispat Industries: Looks to be in very good position now and on intraday basis, above 28 will shoot upto 30 and downside 26.5 is major support.