Archives : DAILY MARKET OUTLOOK : 17/07/2008


Market likely to open with a gap up as the U.S. market has rallied overnight.  But please understand that if our market goes up, it will only give a Shorting opportunity. Bravehearts can go for short at higher levels.

Yesterday all our SELL recommendations hit our targets as usual.

Sensex & Nifty will face strong Resistance at 13283 & 3982 resp.

Sensex Resistance 12740-12822-13067-13283. Support 12453-12423-12316.

Nifty Resistance 3896-3920-3982. Support 3764-3745-3674.

Please note Reliance, RPL, HDFC, IDFC, Bata, Tata Steel, will once again present today with a selling opportunity.

So no levels for stocks today. Let the market hit resistance and then we will shot. DONT PANIC.


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