Market outlook for 24/12/07

Indian market also might follow world markets and move upwards today and the resistance to be watched again will be 5800 and 5840 on upper side and failure to cross might induce higher level selling again.Now, Christmas and New-Year will have an effect in the market and also Gujarath election results will also have an effect slowly in coming day's.Volume might be low today because of these big holiday's as people need money and many of them might also keep away from market for some time playing it safe.So, better to be cautious and book profits whenever it comes.Nifty has great support at 5740 for today and if breaks might test 5700.

Stock watch for the day:

Bharti Tele (919): Watch this stock again and stay above 915 will move towards 930 first and if moves above 930 will induce momentum and might also blast to 945-950.But, only above 930 which will be a major resistance.