Archives : DAILY MARKET OUTLOOK : 11/07/2008

DAILY MARKET OUTLOOK : 11/07/2008.

Once again we were proved correct, when we said that the markets will move up as it had given a BUY signal. In fact the Dow was down by 250 points, still our market moved up from lower levels. We asked to buy weakness in the market and see the benefits for yourself.

Today is big Data day as Infosys, then Inflation and then IIP numbers provide the doze of volatility.

On the higher side 4362 on the Nifty and 14656 on the Sensex will be the test of the market.

Sensex Resistance 14188-14449-14519-14645. Support 13803-13731-13581.

Nifty Resistance 4212-4264-4324-4369. Support 4122-4110-4093.

Infosys 1805 SL 1775 Tgt 1885-1950.

TCS 868 SL 852 Tgt 896-919.

Rolta 296 SL 292 Tgt 310-317.

Orchid 266 SL 261 Tgt 277-283.

Parsvanth 122 SL 118 Tgt 134-147.

Sobha Dev 269 SL 259 Tgt 280-288-337.

Ispat 23.95 SL 23 Tgt 25.50-26.70.

DCB 57 SL 55 Tgt 63-67.

Hindalco 153 SL 149 Tgt 160-167.

L&T 2532 SL 2475 Tgt 2618-2662.

GMR Infra 94 SL 92 Tgt 98-103-108.

MTNL 93 SL 91 Tgt 97-100.

Adlabs 432 SL 421 Tgt 446-471.

Alok Ind 40 SL 39 Tgt 43-47.

IndusInd Bank 59 SL 57 Tgt 63.80 - 65.15.

Welspun Guj 312 SL 302 Tgt 325-329.

REL 856 SL 830 Tgt 871-972.

MRPL 51 SL 49 Tgt 54-58.

 


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