Archives : DAILY MARKET OUTLOOK : 16/07/2008

DAILY MARKET OUTLOOK : 16/07/2008.

Market as expected collapsed and has broken the previous lows of Sensex and Nifty. The market is headed southwards. Sensex headed towards 12000-11500 & Nifty towards 3630-3485.

Yesterday all our recommendations of shorting achieved their targets, like I-Flex, Bata, Infosys, Axis Bank, HCl Tech, Satyam, Infosys, TCS, Tata Power, Rolta, RIL, HDFC Bank, Fin Tech, L&T and Fed Bank achieved their targets and went down further...!!!

Sensex Support 12534-12382-12316-12055. Resistance 12748-12877-12949.

Nifty Support 3809-3750-3674-3630.Resistance 3882-3917-3960.

Sell McDowell 1048 SL 1070 Tgt 967-914-896.

Sell RIL 1977 SL 2018 Tgt 1930-1892-1800.

Sell Alstom Proj 370 SL 380 Tgt 359-336.

Sell Sasken Comm 131 SL 136 Tgt 121-115-110.

Sell Rel Cap 988 SL 1017 Tgt 935-912-821.

Sell Rolta 271 SL 282 Tgt 256-250.

Sell RPL 161 SL 165 Tgt 150-144.

Sell HDFC 1799 SL 1847 Tgt 1751-1709-1650.

Sell Punj Lloyd 198 SL 203 Tgt 183-176.

Sell I-Flex 1251 SL 1288 Tgt 1219-1177.

Sell Fin Tech 1517 SL 1553 Tgt 1460-1350.

Sell ABB 812 SL 827 Tgt 778-758.

Sell L&T 2279 SL 2328 Tgt 2248-2101.

Sell Bata 150 SL 154 Tgt 140-134.

Sell Bharti 710 SL 728 Tgt 672-628.

Sell Wipro 378 SL 393 Tgt 348-324.

 


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