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 !