Friday, December 28, 2007

Market outlook for 28/12/07

Nifty still facing the same 6110 as big resistance and unless it crosses that resistance, momentum is down for the time being and for today, watch the opening and first 30 minutes of play is very important for the day.Above 6110, nifty might move towards 6150 and if nifty stays below 6110, then might test 6050 support again
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Stock watch for the day:

Viceroy Hotels (114.9): Watch out for 113 support and untill held, target is 118-122 for today

Alok Textiles (98.5): Buy this stock with stop 96 for targets 101-103

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