MARKET OUTLOOK - 16th NOV. 2007

Market likely to open weak today. However expecting recovery in later part of day. Sensex has immediate resistance at 19925 and support at 19680.Sensex may touch 20400 if close/sustain above 19925.Sensex may touch 19100 if close/sustain below 19680.


NIFTY(5912.10)- Resistance-5955,5997 Support-5882,5853

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-GMRINFRA AT AROUND 223-224 TARGET 230,234 SL 218

STOCKS TO WATCH:

YES BANK

ENERGY DEVELOPMENT

BALAJE TELE

RNRL

RPL

BPCL

ASHOK LEYLAND

INDUSIND BANK

DCB

JSW STELL

INDIA CEMENT

FUTURE AND OPTIONS:

RIL, SBI