Archives : DAILY MARKET OUTLOOK : 27/05/2008


Today expect some bounce back. But the bounce will not sustain and will end the day in favour of the bears. So SELL at higher levels for the next month series.

Just check yesterdays recommendations.  Short calls on L&T, Unitech and Rel Cap achieved their targets. Long calls on Suzlon and Gitanjali did really well to achieve their targets in an extremely negative market !!!

Sensex Resistance 16457-16498-16546-16626. Support 16252-16164-15845.

Nifty Resistance 4913-4932-4970-4991. Support 4841-4812-4803.

Buy Suzlon 305 SL 299 Tgt 311-317.

Buy Mundra Port 887 SL 849 Tgt 926-935-1000.

Buy Cairn India 308 SL 299 Tgt 319-324.

Buy NDTV 419 SL 412 Tgt 428-435.

Buy Lanco Infra 517 SL 504 Tgt 531-539.

Buy TCS 955 SL 942 Tgt 974-987.

Buy Bharti 863 SL 855 Tgt 876-888.

Buy Spice Tele 48 SL 46 Tgt 52-54.

Sell L&T 2755 SL 2785 Tgt 2610-2551.

Sell SBI 1537 SL 1564 Tgt 1514-1504-1486.

Sell JPAssociates 223 SL 236 Tgt 210-196.

Sell Bajaj Hind 199 SL 208 Tgt 186-183.

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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