Archives : DAILY MARKET OUTLOOK : 16/06/2008


Once again we were bang on the target when we said that market will face resistance at Nifty-4561 & Sensex-15314 and just check where both reached. Nifty went upto 4563 & Sensex upto 15337....we call this ACCURACY.

Majority of our recommended stocks for buying like NIIT, Biocon, Aurobindo Pharma, Ashtavinayak and Skumars did brilliantly to achieve their targets, whereas Sell recommendations of GMR and Karnataka Bank did really to achieve downside targets.

Today market will open with a gap and then volatility will catch up. So be careful about buying at very high levels. Pharma & Fertiliser stocks are expected to do well.

Sensex Resistance 15270-15337-15485. Support 15097-15032-14850.

Nifty Resistance 4563-4599-4627. Support 4491-4469-4448-4414.

Buy Aurobindo Pharma 329 SL 317 Tgt 346-355.

Buy Chambal Fert 91 SL 87 Tgt 97-102.

Buy Nag Fert 46 SL 44 Tgt 49-52.

Buy Orchid Chem 248 SL 236 Tgt 262-270.

Buy Bharat Forge 261 SL 251 Tgt 275-279.

Buy GHCL 72 SL 66 Tgt 79-82.

Buy Glenmark Pharma 710 SL 694 Tgt 726-738-754.

Buy Gail 382 SL 373 Tgt 398-402.

Buy Aban LLoyd 3725 SL 3670 Tgt 3800-3854-3908.

Buy Zuari Ind 257 SL 251 Tgt 269-284.

Buy Skumars 110 SL 107 Tgt 115-118.

Buy NIIT Ltd 111 SL 107 Tgt 120-124.

Buy Spice Tele 61 SL 58 Tgt 69-74.

Sell Karnataka Bank 172 SL 182 Tgt 165-160.

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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