Archives : DAILY MARKET OUTLOOK : 29/04/2008


Market tested the Resistance Zone of Sensex and Nifty mentioned by us yesterday and returned exactly from there. Also Sesa Goa, Educomp, Bharti, Rcom, Hind Zinc, Voltas, Renuka Sugar and Hero Honda reached their targets yesterday itself !!!

Market will wait till the Credit Policy is out of the way by Noon and then decide upon the direction it wants to pursue.

Sensex Resistance at 17120-17169-17284-17335. Support at 16941-16844-16589.

Nifty Resistance at 5134-5147-5177. Support at 5069-5052-4992.

BEL 1296 SL 1265 Tgt 1350-1390.

Bajaj Hind 243 SL 235 Tgt 257-265.

Gateway Distriparks 119 SL 115 Tgt 124-128.

Hero Honda 818 SL 798 Tgt 840-871.

Hind Zinc 681 SL 668 Tgt 705-713-747.

Indian Hotel 117 SL 113 Tgt 123-127.

MTNL 114 SL 108 Tgt 122-129.

Educomp 4138 SL 4082 Tgt 4212-4310-4400.

RNRL 123 SL 117 Tgt 129-140.

Voltas 187 SL 181 Tgt 194-199-208.

GNFC 164 SL 159 Tgt 172-176.

Mundra Port 736 SL 714 Tgt 761-783-815.

Mascon Global 18.70 SL 17 Tgt 19.50-21.35.

Torrent Power 129 SL 125 Tgt 137-144.

Zee News 61.50 SL 59 Tgt 67-73.



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