Archives : DAILY MARKET OUTLOOK : 19/06/2008


Market returned to its original trend and resumed its downward journey once again. So Go Short on every rise or may be wherever you might get an opportunity.

Yesterday our stocks like Sasken Communication, Divis Lab, Aurobindo pharma, Rel Cap, Pritish Nandy Comm, Gwalior Chem did well to achieve their targets. But the heroes yesterday were Sasken Comm and Gwalior Chem along with Pritish Nandy Comm.

Critcial Support will be at Nifty - 4449 and Sensex - 15048. Below which expect bloodshed.

Sensex Support 15172-15048-14976-14626. Resistance 15519-15686-15789.

Nifty Support 4536-4500-4449-4392-4369. Resistance 4597-4670-4701.

Sell RIL 2287 SL 2320 Tgt 2232-2175-2156.

Sell HCL Tech 279 SL 287 Tgt 273-264-258.

Sell HDFC Bank 1168 SL 1209 Tgt 1113-1075-1051.

Sell Maruti 748 SL 762 Tgt 727-720.

Sell PNB 457 SL 463 Tgt 447-442.

Sell SAIL 162 SL 167 Tgt 156-148.

Sell Bharti 812 SL 833 Tgt 798-775-750.

Sell ICICI Bank 786 SL 830 Tgt 758-726.

Buy Ankur Drugs 250 SL 242 Tgt 258-274.

Buy SRF 129 SL 123 Tgt 134-139.

Zee Entertainment, TVToday & Torrent Power look positive.


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