Market Outlook for 05/12/07
Nifty is facing stiff resistance around 5900 and for today, if nifty fails to cross 5900, then it might test 5820 and on the downside, 5780 will be strong support to watch out only if 5820 is broken.Above 5900, again 5920 will be the strongest resistance for today and only above that level it will be bullish.So, watch out 5900 and 5820 today.
Stock watch for the day:
Neyveli Lignite (244): Today watch out for 255 level and if doesn't cross that, sell this for target 240-236
Jindal Stainless (238.6): Watch out for strong support at 235 and if this support is held, this stock will move towards 245-250 today.
Wednesday, December 5, 2007
Market Outlook for 05/12/07
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