Archives : DAILY MARKET OUTLOOK : 03/07/2008


Market went up as we all prayed and God answered the prayers. The market moved on basis of short covering. The market was extremely oversold and had to move up.

Market will be volatile. Expect bounce from lower levels. Support at Nifty - 3983.

Yesterday all our calls on SELL achieved their targets and also the market bounced from lower levels. Both ways we were proved right !!!

Sensex Resistance 13760-14126-14449-14519. Support 13457-13316-13208-13116.

Nifty Resistance 4121-4163-4226-4324. Support 4075-3995-3961-3909.

Buy Fin Tech 1805 SL 1764 Tgt 1870-1942.

Buy Adlabs 399 SL 389 Tgt 417-438-468.

Buy Sasken 143 SL 133 Tgt 152-158.

Buy RIL 2144 SL 2107 Tgt 2174-2222.

Buy NTPC 158 SL 154 Tgt 164-170.

Buy Alok 36 SL 33 Tgt 39.50-43.

Buy GMR Infra 88 SL 84.50 Tgt 93.80-95-102.

Buy HDIL 402 SL 367 Tgt 442-484.

Buy Nag Const 136 SL 130 Tgt 146-157.

Buy Anant Raj 136 SL 126 Tgt 147-156.


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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