MARKET OUTLOOK - 28th NOV. 2007

Market likely to open and trade firm today. Sensex has immediate resistance at 19220 and support at 19020.Sensex may touch 19400 if close/sustain above 19220.Sensex may touch 18900 if close/sustain below 19020.

NIFTY(5698.15)- Resistance-5743,5788 Support-5654,5611

Intraday Calls:

Buy Reliance Energy @ 1757 Sl 1751 Tgt 1787

Buy Essar Oil @ 217 Sl 215 TGT 237

Buy Petronet @ 104 SL 102 Tgt 114

Buy Punj Lloyd @ 464.85 Sl 462 Tgt 474-475

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-ESCORTS ABOVE 161 TARGET 167,171 SL 155

All the best …….Happy Trading……..