Archives : DAILY MARKET OUTLOOK : 08/07/2008


Market does not like uncertainity and finally uncertainity might come to an end today, when finally Left will withdraw support. It may be bad news in the short term, but the market has already factored in that news.

Please check yesterdays recommendations...Nag Const, DCB, REL, Orchid, RNRL, HDFC, BOI, Century, IFCI, I-Flex.

Sensex Support 13232-13060-12822. Resistance 13610-13712-13793.

Nifty Support 3974-3936-3848. Resistance 4062-4093-4114.

Sell RIL  2028 SL 2086 Tgt 1981-1956.

Sell RPL 166 SL 170 Tgt 160-155.

Sell Essar Oil 176 SL 183 Tgt 170-161.

Sell Balrampur Chini 76 SL 79 Tgt 72-68.

Sell Bajaj Hind 163 SL 170 Tgt 160-145.

Buy Bata 165 SL 159 Tgt 174-181.

Buy Financial Tech 1817 SL 1778 Tgt 1870-1942.

Buy Satyam 481 SL 471 Tgt 492-502.

Buy VSNL 373 SL 365 Tgt 384-403.

Buy Orchid 259 SL 254 Tgt 266-269.


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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