Archives : DAILY MARKET OUTLOOK : 22/05/2008


Markets recovered from the lows yesterday, but we are not out of the woods yet. Markets will try and bounce from the lows today and the ride will be very volatile and choppy.

Keep your positions hedged, as the uncertainity keeps on rising. Reduce your quantity of trade.

Sensex Resistance 17345-17493-17543. Support 17179-17065-16968-16887.

Nifty Resistance 5152-5177-5228. Support 5087-5048-5017-4979.

Aban Lloyd 4047 SL 3925 Tgt 4160-4225-4280-4359.

Great Offshore 735 SL 710 Tgt 775-803.

Educomp 4108 SL 4020 Tgt 4150-4212-4300.

Lanco 582 SL 567 Tgt 609-615.

IFCI 64 SL 62 Tgt 67-71.

I-Flex 1458 SL 1431 Tgt 1499-1523-1569.

Tata Tea 949 SL 932 Tgt 969-998.

RPL 192 SL 187 Tgt 198-203.

Jindal Steel & Power 2468 SL 2436 Tgt 2500-2630.

Bag Films 47 SL 45 Tgt 53-58.

Guj NRE Coke 158 SL 154 Tgt 164-169-174.

GTL Infra 54 SL 52 Tgt 58-61.


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