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Archives : DAILY MARKET OUTLOOK : 09/06/2008

DAILY MARKET OUTLOOK : 09/06/2008.

Markets all set to dive off the cliff. Strong support will be seen at 4496 - Nifty and 15363,15026 - Sensex. Dont even think of investing, as attractive lower levels will be available to you from time to time. Use rallies to go short in the market.

Sensex Support 15363-15026-14677. Resistance 15702-15868-15992.

Nifty Support 4536-4496-4448. Resistance 4669-4713-4741.

Sell DLF 518 SL 541 Tgt 490-460.

Sell Maruti 750 SL 764 Tgt 731-720.

Sell Lanco 389 SL 408 Tgt 364-344.

Sell Bharti 802 SL 823 Tgt 776-730-706.

Sell HDFC 2349 SL 2376 Tgt 2295-2251.

Sell Hindalco 175 SL 182 Tgt 167-160.

Sell L&T 2680 SL 2749 Tgt 2638-2610-2551.

Sell RIL 2238 SL 2280 Tgt 2175-2147.

Sell Tata Power 1276 SL 1316 Tgt 1194-1115.

Sell Neyvelli Lignite 117 SL 123 Tgt 106-100.

Sell Educomp 3501 SL 3586 Tgt 3375-3280-3120.

Sell RPL 166 SL 172 Tgt 155-150-143.

Buy Shree Ashtavinayak 459 SL 444 Tgt 481-490.

It is not necessary to trade everyday and lose money. It makes sense, by not trading and thus not losing any money, which is as good as making money !

 
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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