Archives : DAILY MARKET OUTLOOK : 22/07/2008

DAILY MARKET OUTLOOK : 23/07/2008.

Just see how the market closed above our Critical Resistance Levels and then it was very clear that the UPA government will stay. The government survived and again Singh is King!!!

In the short to medium term Sensex will head towards 15700 and Nifty 4750. But this will not be a one sided move.

Yesterday, as usual, majority of our recommendations like RIL, LIC, NTPC, PNB, BOB, BOI, Praj, Sesa Goa reached our targets.

Sensex Resistance 14449-14510-14625-14958. Support 14071-13930-13798.

Nifty Resistance 4369-4448-4512-4586. Support 4206-4165-4137.

Sesa Goa 2884 SL 2825 Tgt 2964-3050-3160.

Educomp 3034 SL 2982 Tgt 3116-3215-3334.

REL 919 SL 892 Tgt 948-972-1011.

Rel Cap 1178 SL 1149 Tgt 1216-1236-1256.

Adlabs 435 SL 418 Tgt 458-469-483.

BOB 243 SL 237 Tgt 253-265.

IFCI 40 SL 69 Tgt 44-47.

Idea 87 SL 85 Tgt 92-96.

HDFC 2140 SL 2093 Tgt 2210-2262.

HCC 90 SL 88 Tgt 95-103.

NTPC 184 SL 181 Tgt 192-198.

Power Grid 95 SL 93 Tgt 103-109.

GMR Infra 85 SL 85 Tgt 93-97.

RPower 142 SL 136 Tgt 152-158.

Praj 191 SL 187 Tgt 199-204.

SBI 1403 SL 1376 Tgt 1455-1498.

Lanco 322 SL 316 Tgt 334-342-379.

Unitech 157 SL 153 Tgt 172-178.

UBI 127 SL 124 Tgt 132-136-139.

Neyvelli Lig 108 SL 106 Tgt 113-116-118.

 


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