Market outlook for today

06/11/07

Nothing much has changed and nifty is still in the firm grip of bulls and looks like consolidating a bit before start moving up again.On the upper side, 5952 still remians the major resistance for now and if crosses 5952, then immediate target would be 6010.Unless nifty breaks 5700, there's nothing to worry and in any time if nifty breaks 5700, then we might even see another 200 points down from there on.Banking and power stocks will show strength in this week.

Stocks to watch for today:

Punjab National Bank-As long as this remains above 550, it will move towards 580 mark

Reliance Industries-This stock is moving between 2625-2735 range and break of this will give minimum 50-70 points on both sides