Archives : DAILY MARKET OUTLOOK : 29/07/2008


Once again Volatility will be the king today. Just dont blindly short any stock, as the market will show good recovery and may be might not sustain. Some small and mid cap stocks are showing good build up. Be ready to play on both sides today.

Yestserday, our BUY calls on Bongaigaon, Renuka, Neyvelli, BRFL and our SELL recommendations of HCC Educomp also achieved their targets.

Sensex Resistance 14421-14484-14568. Support 14210-14127-14066.

Nifty Resistance 4352-4372-4406. Support 4311-4282-4253-4232-4177.

Buy GE Shipp 439 SL 426 Tgt 451-458.

Buy BRFL 343 SL 337 Tgt 351-360-373.

Buy LIC Hsg 311 SL 308 Tgt 320-327.

Buy Tata Tea 786 SL 775 Tgt 809-820.

Buy 3i Infotech 111 SL 109 Tgt 115-120.

Buy Praj Ind 202 SL 195 Tgt 209-216.

Buy BOI 294 SL 288 Tgt 304-310.

Buy Anant Raj 140 SL 129 Tgt 147-156.

Buy Phoenix Mills 182 SL 175 Tgt 190-200.

Buy Ankur Drugs 236 SL 227 Tgt 249-260.

Buy Jyoti Str 118 SL 113 Tgt 128-133-143.

Sell ABB 791 SL 813 Tgt 763-735-710.

Sell HDFC Bank 1127 SL 1145 Tgt 1097-1075.


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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