MARKET OUTLOOK - 15th NOV. 2007

Market likely to open firm today. However expecting selling pressure in later part of day. Sensex has immediate resistance at 20165 and support at 19515.Sensex may touch 20400 if close/sustain above 20165.Sensex may touch 19100 if close/sustain below 19515.

NIFTY(5937.90)- Resistance-6026,6113 Support-5775,5612

Intraday Tips for 15th November 07

Buy RNRL @ 169.05 Sl 165 Tgt 175-180
Buy Lloyds Steel Industries @ 17 Sl 16.50 Tgt 19
Buy Gujarat NRE Coke @ 121.75 Sl 120 Tgt 126
Buy Tata Motors @ 707 Sl 704 Tgt 716-720
Buy JPHYDRO above 98 sl 96 tgt 105
Buy IOC at cmp for a target of 630 sl 510

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-STER ABOVE 1020 TARGET 1050,1070 SL 995

All the best and happy trading.....