Market Outlook 19/02/08

Market is scaling higher and will continue for the time being and the trend is up.Yestedray nifty tested the strong support of 5350, but couldn't cross and today it may test again and possiblity of crossing 5350 is higher.Any dip will be a buy until 5220 is not broken and if 5220 gets broken, then still there is one more strong support at 5140.On upper side, if 5350 gets taken off, then we might see rally around 5400.Banking stocks may be in demand for today

Stock watch for the day:

Air Deccan (186):This stock has strong support at 182 and if held, this stock will move towards 194-200 today.