04/12/07
Market Outlook
As expected nifty zoomed and near to 5900 now and overall sentiments are also very bullsih and the final resistance will be in the range of 5980-6010 and if crosses that overall buying will take nifty towards 6300 mark and if fails to cross this time also then nifty might drop to 5200 level. For today, watch the level of 5910 and if nifty moves above that will test 5960 resistance for sure.One can expect higher level selling to come today.There might also be a gap up opening today.On downside, strong support at 5835-5820.
Stock watch for the day:
G.E.SHIPPING: Remain above 500, target would be 520-525 today.Below 500, might fall to 492 range
Tuesday, December 4, 2007
Market Outlook for 04/12/07
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