Archives : DAILY MARKET OUTLOOK : 11/06/2008


Sensex has made a new low and closed well below the 15000 mark. There will be pull back rally, but there wont be any sustainability at higher levels. Please remember that the direction remains down, only small pull back on back of short covering.

Refrain from taking too many long positions, and those who have taken or want to take, please be very fast and book whatever small profits you manage.

Sensex Resistance 14981-15088-15287. Support 14719-14645-14401.

Nifty Resistance 4469-4499-4536. Support 4435-4395-4369-4279.

Buy Divis Lab 1525 SL 1488 Tgt 1551-1573.

Buy Rolta 305 SL 299 Tgt 311-318.

Buy IFCI 59 SL 58 Tgt 62.30-64.85.

Buy Ranbaxy 560 SL 548 Tgt 576-585.

Buy Chambal Fert 78 SL 75 Tgt 83-86.

Buy India Cem 160 SL 156 Tgt 164-169-173.

Sell Sterlite Ind 810 SL 842 Tgt 767-759.

Sell Jindal Steel 2008 SL 2080 Tgt 1900-1850-1775.

Sell Punj Lloyd 245 SL 259 Tgt 233-228.

Sell Mcdowell, Lanco Infra, L&T on every rise.


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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