Archives : DAILY MARKET OUTLOOK : 03/06/2008


As expected the markets have started to melt. This will take its toll on many portfolios and many bull traders. THIS IS THE BEAR MARKET & IT IS HERE TO STAY.

Please dont take any long positions on any rally. Any rally will be a BEAR rally and it will only give SHORTING opportunity at higher levels.

Sensex Support 15919-15873-15573-15470. Resistance 16135-16183-16232.

Nifty Support 4687-4628-4580. Resistance 4760-4777-4795.

SELL ONGC 833 SL 856 Tgt 785-768.

SELL RIL 2358 SL 2428 Tgt 2249-2173.

SELL Tata Power 1295 SL 1318 Tgt 251-1183.

SELL RPL 173 SL 178 Tgt 165-154.

SELL HDFC 2521 SL 2560 Tgt 2441-2376.

SELL RCOM 554 SL 569 Tgt 542-527.

SELL ICICI Bank 765 SL 780 Tgt 752-726.

SELL ACC 627 SL 645 Tgt 608-573.

SELL Bharat Forge 253 SL 259 Tgt 243-239.

SELL BOB 258 SL 262 Tgt 251-245.

SELL Alstom Proj 513 SL 529 Tgt 485-465.

SELL Bhel 1594 SL 1635 Tgt 1568-1541.

SELL SBI 1394 SL 1430 Tgt 1364-1335-1280.

SELL Unitech 217 SL 222 Tgt 210-202-193.

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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