Archives : DAILY MARKET OUTLOOK : 23/04/2008

DAILY MARKET OUTLOOK : 23/04/2008.

Once again just check our accuracy levels as the Sensex and Nifty just managed to reach our resistance levels given for the Nifty and Sensex.

Market is near a critical resistance level and the Sensex will find it difficult to cross and close above the 16800 to 16900 zone. Once above that there is another strong resistance zone at 17200-17300.

Sensex Resistance at 16853-16924-17166. Support at 16706-16674-16543.

Nifty Resistance at 5074-5099-5125. Support at 5023-4994-4926.

RNRL 118 SL 115 Tgt 129-140.

Mahindra Life 468 SL 457 Tgt 484-492.

IDBI 105 SL 101 Tgt 110-113.

IFCI 58 SL 56 Tgt 63-67.

Nag Fert 50 SL 48 Tgt 55-59.

IDFC 174 SL 169 Tgt 180-186.

Escorts 104 SL 101 Tgt 110-115.

Power Grid 105 SL 103 Tgt 110-113.

Idea 108 SL 103 Tgt 114-117.

Educomp 4129 SL 4075 Tgt 4191-4220-4310.

MTNL 112 SL 109 Tgt 118-124.

Air Deccan 148 SL 143 Tgt 156-167.

GMR Infra 161 SL 157 Tgt 169-173.

Jindal Steel & Power 2255 SL 2190 Tgt 2325-2375.

Bhel 1872 SL 1840 Tgt 1920-1968.

ISPAT 36.70 SL 34.85 Tgt 39.90-46.00.

Kalyani Steel 300 SL 289 Tgt 332-355.

PVR 201 SL 194 Tgt 212-218.

Jindal Stainless 154 SL 150 Tgt 162-168.

Avind 48.95 SL 47 Tgt 52-56.

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