Archives : DAILY MARKET OUTLOOK : 26/05/2008


Market will open with gap down. Bearish sentiment will take the Sensex to test 16200 and 15461. Nifty is headed towards 4788-4561.

Please SELL index heavyweights on every rise to mint unexpected profit.

Sensex Support 16546-16457-16365-16202-15845. Resistance 16818-16868-17057.

Nifty Support 4883-4788-4561. Resistance 4981-4998-5040-5062.

SELL L&T 2843 SL 2900 Tgt 2757-2610.

SELL Unitech 268 SL 278 Tgt 256-245.

SELL NTPC 176 SL 182 Tgt 166-161.

SELL Rel Cap 1321 SL 1377 Tgt 1251-1236.

Brave hearts who want to buy at any cost can consider the following:

PSL holding 387 SL 377 Tgt 407-427.

Gitanjali Gems 306 SL 297 Tgt 320-327.

Graphite 76 SL 72 Tgt 81-87.

Tata Elxsi 203 SL 195 Tgt 217-223.

Tata Chem 383 SL 377 Tgt 394-401.

Shriram Transp 337 SL 325 Tgt 359-379.

Lupin 683 SL 650 Tgt 745-767.


Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

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