MARKET OUTLOOK - 6th NOV. 2007

Market likely to open and trade firm today. Sensex has immediate resistance at 19900 and support at 19390.Sensex may touch 20400 if close/sustain above 19900.Sensex may touch 19000 if close/sustain below 19390.

NIFTY(5847.30)- Resistance-5924,6000 Support-5795,5741

Buy RPL Above 272 For Target of 277 & 288

Buy Sterlite Optical Above 302 for target of 312& 325

Buy Petronet Above 93 For Target of 96 & 99

Buy Powergrid Above 151 For Target of 157 & 162

RNRL Given bullish brekout see level of 194 & 210 Keep SL of 168

Tata Power Given good Breakout look for Target of 1407 & 1448 !!!!! Keep SL of 1345

Happy trading...All the best