Daily Market Outlook : 3rd January, 2008 (Thursday)

YESTERDAY THE STARS WERE PUBLIC SECTOR BANKS. WE OPENLY ASKED U TO BUY WHICHEVER BANK U WANTED AND U GOT SPECTACULAR. WE RECOMMENDED CAN BANK WHICH FLEW BY AROUND 19% !!! ALSO UBI, DCB, KARNATAKA BANK, REL, CENTURY TEX, ASIAN ELEC., NAVBHARAT FERRO REACHED THEIR TARGETS WHILE ANSAL HSG HIT 10% UPPER CIRCIT.

MARKETS HAVE GIVEN A BREAKOUT, SO EVERY DIP SHOULD BE TREATED AS A BIUYING OPPORTUNITY. NIFTY TOOK SUPPORT EXACTLY AT YESTERDAY'S SUPPORT LEVEL AND BOUNCED BACK. SO BUY NEAR 6100 LEVELS, KEEPING A STOPLOSS OF 6015.

SENSEX RESISTANCE AT 20561-20827-21113. SUPPORT AT 20077-20014-19940.

NIFTY RESISTANCE AT 6209-6274-6345. SUPPORT AT 6060-6025-5900.