Archives : DAILY MARKET OUTLOOK : 04/06/2008


As expected Nifty took support as expected at around 4628 levels. Some bounce was visible. This bounce will continue in the morning and then fizzle out by the day end. Best strategy will be to wait for higher levels to short.

All our short recommendations did FANTASTIC like Unitech, SBI, Alstom Proj, Bhel, ICICI Bank, RCom, HDFC, HCL Tech & Tata Power achieved all their targets !!!

Sensex Resistance 16008-16064-16198-16236. Support 15904-15846-15754-15709.

Nifty Resistance 4733-4757-4801. Support 4696-4644-4628.

Buy Divis Lab 1550 SL 1515 Tgt 1585-1620.

Buy Essar Oil 249 SL 242 Tgt 256-260-266.

Buy IFCI 61 SL 59 Tgt 65-68.

Buy Orchid 242 SL 234 Tgt 249-258.

Buy Tulip IT 1038 SL 995 Tgt 1084-1099.

Buy Rolta 302 SL 296 Tgt 308-315-318.

Buy LIC Housing 333 SL 327 Tgt 340-352.

Buy Chennai Petro 327 SL 320 Tgt 341-350.

Buy Adhunik Metals 179 SL 175 Tgt 187-191-203.

Buy GTC Ind 199 SL 193 Tgt 207-217.


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