Archives : DAILY MARKET OUTLOOK : 13/06/2008


Market moved up on short covering yesterday. It will be challenging for the Nifty to cross 4561 and for the Sensex to cross 15314. Expect some selling pressure at this levels.

Yesterday our sell recommendations of Punj Lloyd, Lanco, Sterlite and SBI did well to achieve their targets.

Sensex Resistance 15300-15362-15573. Support 15122-15037-14910-14756.

Nifty Resistance 4561-4620-4647. Support 4504-4477-4447-4403.

Buy Voltas 147 SL 143 Tgt 153-158.

Buy Essar Oil 240 SL 234 Tgt 249-254.

Buy NIIT Ltd 108 SL 105 Tgt 113-115.

Buy Biocon 476 SL 466 Tgt 485-491.

Buy HCC 116 SL 113 Tgt 122-125.

Buy Aurobindo Pharma 314 SL 303 Tgt 321-342.

Buy Sterlite Optic 202 SL 198 Tgt 209-215.

Buy Shree Ashtavinayak 478 SL 465 Tgt 490-519.

Buy Nectar Life 275 SL 265 Tgt 293-300.

Buy Jyoti Structures 126 SL 121 Tgt 136-143.

Buy Hero Honda 814 SL 805 Tgt 828-835.

Buy Skumars 106 SL 103 Tgt 110-115.

SELL GMR Ind 107 SL 112 Tgt 99-93.

SELL Karnataka Bank 180 SL 187 Tgt 170-165.

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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