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Friday, November 23, 2007

Market may witness a pull-back


The market may take a break from its consecutive 6-session losses and rise in tune with firm Asian markets. The market also witnessed a smart pull-back towards the close likely to help the sentiment turn positive. However, FIIs remaining net sellers of equities in the domestic market may hurt the investors sentiment. On Thursday, US markets were closed on the back of Thanksgiving holiday. The Nifty could test 5400 on the downside and may test 5750 on higher levels , while the Sensex has a likely support at 18250 and may face resistance at 19000.