Archives : DAILY MARKET OUTLOOK : 21/04/2008
DAILY MARKET OUTLOOK : 21/04/2008.
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RBI hiked CRR by 50 bps. This move was expected as inflation kept higher above 7% for two weeks in a row. CRR hike thus discounted, so any dip will provide a buying opportunity.Now market is waiting for RBI policy which will come next week.
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Sensex Resistance at 16553-16832-17227. Support at 16481-16397-16313-16128-16093.
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Nifty Resistance at 4984-5023-5070. Support at 4942-4904-4872-4784.
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Sasken Comm 145 SL 142 Tgt 154-162-168-201.
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RIL 2642 SL 2618 Tgt 2674-2700.
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Hind Zinc 593 SL 567 Tgt 615-655.
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Guj Nre Coke 156 SL 150 Tgt 168-175-181.
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Guj Alkali 192 SL 187 Tgt 204-217.
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JPHydro 65 SL 62 Tgt 68-73.
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IndusInd Bank 89 SL 86 Tgt 95-102.
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Tata Tele 33 SL 32 Tgt 36-38.
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Hindalco 186 SL 178 Tgt 190-197.
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Escorts 96 SL 94 Tgt 103-108.
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Praj Ind 151 SL 147 Tgt 163-167.
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SRF 128 SL 124 Tgt 136-139.
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NIIT Tech 138 SL 134 Tgt 144-148-162.
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