Market outlook for 18/12/07

As soon as nifty broke its strong support at 5985, it crashed heavily and even made a low of 5740, which will act as a support for today's move.Some buying will come today, but in all probability upper level selling will be witnessed again and on upper side 5860 will be major hurdle and remains to be seen whether it can cross that or selling will emerge again..!if market opens on a week note with lower opening, buying will emerge from lower end for sure.Watch out for 5740 and 5860 today and if 5740 is taken out, we might see 5680 as next support area.

Stock watch for the day:

Marico: (68.45) Watch this stock for today and if there is lower opening in nifty and marico is above 67, buy it for target 70-73 and below 67, don't take position.