Daily Market Outlook : 7th February, 2008 (Thursday)

JUST RECALL, YESTERDAY WE SAID THAT NIFTY WAS FACING HEAVY RESISTANCE AT 5500 LEVELS AND SEE HOW NIFTY FELL AND IT TOOK SUPPORT AT EXACTLY OUR MENTIONED LEVEL OF 5252 !!!

ALSO NAG FERT, NEYVELLI LIGNITE, RNRL & ISPAT REACHED THEIR TARGETS INSPITE OF THE MARKET BEING DOWN BY 500 POINTS.

VOLATILITY WILL BE THE ORDER OF THE DAY.

BUT MOMENTUM STOCKS WILL HOLD THEIR OWN.

SENSEX RESISTANCE 18274-18330-18439. SUPPORT AT 18068-17936-17576.

NIFTY RESISTANCE AT 5365-5403-5500. SUPPORT AT 5295-5252-5177.