11/12/07
Market will move up and will face selling at higher levels again today.Today's FED meet also is important for the market and though expected positive news on the card, market might slip before the meet today.Banking stocks will be on watch today.On upper side,watch out for resistance at 6050-6060 range and one can expect selling around these levels and overall buying might emerge if these levels are crossed.On downside, major support is at 5920 and below that, 5865
Stock watch for the day:
GAIL (500): Watch this stock and if starts moving above 500, buy it with stop 495 for targets 515-520
Tuesday, December 11, 2007
Market outlook for 11/12/07
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