MARKET OUTLOOK - 3rd DEC. 2007

Markets are expected to open on a positive note today. Trade long in Nifty at dips from lower supports of 5680 and 5750 levels for upside targets of 5800 and 5850 levels. Nifty has a crucial
resistance placed around the 5950 mark around which investors are advised to book profits .

NIFTY(5762.75)- Resistance-5820,5876 Support-5669,5576
Intraday Recommedations:

Buy Reliance Energy @ 1734 Sl 1728 Tgt 1795

Buy LITL @538 Sl 514 Tgt 560

Buy Praj @195 Sl 193 Tgt 205

Buy IFCI @ 94.55 Sl 93.20 Tgt 99-102

Buy Idea@122 Sl 100 Tgt 128/130

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-RNRL ABOVE 172 TARGET 176,178 SL 169

Book profits at higher levels and stay in cash…..Happy Trading