MARKET OUTLOOK - 7th NOV. 2007

Market likely to open and trade firm today. Sensex has immediate resistance at 19770 and support at 19200.Sensex may touch 20400 if close/sustain above 19790.Sensex may touch 18900 if close/sustain below 19200.


NIFTY(5786.50)- Resistance-5910,6032

Support-5711,5637

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-JPHYDRO ABOVE 88 TARGET 92,94 SL 85

Intraday tips:

Buy Sun TV Network @ 310.90 Sl 308 Tgt 321

Buy Reliance Energy @ 1848 Sl 1841 Tgt 1870

Buy NTPC @ 242 tgt 265

Buy NAGARFERT@ 63 tgt 70

Buy GMR Infra @ 192 tgt 208

Happy trading.... all the best.