Archives : DAILY MARKET OUTLOOK : 22/07/2008


Market has given a strong breakout. The ROC has given a Buy signal and also it has broken the trendline. The market will now get into momentum mode. But please remember that Volatility will be the order of the day.

Yesterday, once again as usual, most of our recommendations achieved their targets like NTPC, RIL, ONGC, REL, Axis Bank, Patel Engg, Nalco, HDFC Bank, L&T and Maruti.

Critical Resistance for the Nifty - 4215 and Sensex - 14066.

Sensex Resistance 13907-14066-14258-14449. Support 13683-13581-13269.

Nifty Resistance 4177-4215-4324-4369. Support 4138-4105-4072.

Buy PFC 130 SL 126 Tgt 138-143.

Buy SRF 126 SL 123 Tgt 132-139.

Buy LIC Hsg 258 SL 252 Tgt 270-284.

Buy Indian Bank 101 SL 98 Tgt 109-114.

Buy RIL 2152 SL 2111 Tgt 2183-2258.

Buy Maruti 647 SL 638 Tgt 672-696.

Buy NTPC 181 SL 177 Tgt 186-193.

Buy PNB 459 SL 452 Tgt 472-478.

Buy Unitech 152 SL 146 Tgt 162-168-172.

Buy BOI 272 SL 269 Tgt 278-284-289 

Buy BOB 231 SL 228 Tgt 239-244.

Buy Praj Ind 188 SL 184 Tgt 197-204.

Buy Sesa Goa 2687 SL 2650 Tgt 2753-2799.


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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