Market outlook for 26/12/07

Nifty making violent moves in between the big holiday's and as seen trading volume is low and this volume will pick up again after 1st january.Today market will be volatile again as expiry is also tomorrow.Now, watch out for opening today and higher level opening might induce selling again and till nifty clears 6110, it is sell on raise.On downside, below 5920 the major support lies at 5840.Buy on dips till 5840 is held and Sell on raise till 6110 is not crossed.So, for today watch out for 5840 on downside and 6070 on upper side and then 6110 stiff ressitance

Stock watch for the day:

RCom (726.85): Buy this stock above 730 for targets 745-760.Below 730, it will hit 720-708 again.