Daily Market Outlook : 11th February, 2008 (Monday)

MARKETS LIKELY TO BE CHOPPY ON THE LISTING OF REL POWER. THERE IS GOING TO BE A TUG OF WAR, ONE GROUP WILL TRY AND FORCE THE MARKET UP AND THE OTHER GROUP(S) WILL TRY TO PUSH THE MARKET DOWN. THE LOSERS WILL BE THE INVESTOR AND RETAIL TRADERS. STAY AWAY.



MARKETS WILL BE VOLATILE AND TRADE WITH A NEGATIVE BIAS. IN CASE OF A FREE FALL 4965 AND 4867 WILL BE CRITICAL SUPPORT. IT IS ADVISABLE TO STAY AWAY AND NOT TRADE. SOMETIMES NOT TO TRADE IS ALSO A GOOD TRADE.



SENSEX RESISTANCE AT 17534-17692-17812. SUPPORT AT 17203-17113-16835-16693.



NIFTY RESISTANCE AT 5152-5177-5220-5344. SUPPORT AT 5034-4996-4965-4867.