Monday, April 28, 2008

Daily Market Outlook : 28th April, 2008 (Monday)

Market has given a breakout. But it will face stiff resistance in the zone of Sensex 17227-17331 and Nifty 5134-5177.

Market will want to go light ahead of the credit policy meet on 29th April. Volatility will be the buzz word and financials especially banking stocks will be very active.

Sensex Resistance at 17227-17284-17331. Support at 16934-16855-16813.

Nifty Resistance at 5134-5177-5243. Support at 5076-5052-5027-4992.

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