Daily Market Outlook : 5th May 2008 (Monday)

Market gave a breakout as Sensex was able to close above the 200 dma - 17400. It is advised to buy on every dips.

On Friday, SCI and JP Associates were on fire and achieved their higher targets as well. M&M, Tata Motors, Praj Ind and Ansal Infra too achieved their targets.

Sensex Resistance 17822-17942-17991-18137. Support 17517-17445-17379-17070.

Nifty Resistance 5272-5298-5321-5638. Support 5198-5150-5079-4991.