Archives : DAILY MARKET OUTLOOK : 02/06/2008

DAILY MARKET OUTLOOK : 02/06/2008.

Market likely to be volatile. Support will be seen Nifty 4833-4801 and Sensex 16300-16200.

Best way to trade is to trade light and take advantage of the volatility by booking profits at regular intervals.

Sensex Resistance 16498-16546-16666. Support 16314-16196-16064.

Nifty Resistance 4903-4932-4957. Support 4833-4801-4767.

Buy Bhushan Steel 909 SL 867 Tgt 970-1004.

Buy Guj Alkali 196 SL 192 Tgt 204-208-216.

Buy TCS 1039 SL 1002 Tgt 1070-1120.

Buy DIVIS Lab 1481 SL 1450 Tgt 1538-1549-1620.

Buy NIIT 111 SL 107 Tgt 119-123.

Buy MindTree 467 SL 455 Tgt 480-492.

Buy Prakash Ind. 232 SL 218 Tgt 244-268.

Buy Tata Elxsi 208 SL 199 Tgt 218-239.

Buy Spice Tele 59 SL 57 Tgt 64-69.

Buy L&T 2982 SL 2883 Tgt 3097-3115-3177.

Sell RPL 175 SL 180 Tgt 165-154.

Sell Maruti 766 SL 782 Tgt 751-725.

Sell Unitech 235 SL 245 Tgt 225-217.

Sell Nagarjuna Cons 198 SL 205 Tgt 186-180.

 


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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