Market outlook for 14/12/07

As soon as Nifty broke 6110, it came down heavily and now looks set to test 6000 for today and on upper side 6110 will be tested again and failure to break 6110 will result in testing 6000 strong support which will be difficult to break and if breaks 6000 strong support, it will be worse and nifty might go straight to 5960.These day's world market clues are also important in taking market directions.Yesterday Dow jones closed marginally up by 44 points.If the market opens on a week note, buying might come from lower levels near to 6000 levels and if opens higher, selling might emerge from higher levels again.On upperside, watch out for 6110 level and if nifty breaks this level it will move towards 6150 range.Overall, it might be a volatile day today.

Stock watch for the day:

Bharti Tele (988): This stock taken a beating yesterday and for today, 980 will be support and if holds on to 980, it will move towards 1010-1025 again.If 980 gets broken, then it will hit 965-960 on downside.