Archives : DAILY MARKET OUTLOOK : 01/08/2008
DAILY MARKET OUTLOOK : 01/08/2008.
Market will be choppy but buying at lower levels in select midcaps. Lowest Rollover witnessed in the last six months. Start is very light, we are in midst of a flux and as the market tries to move up in the short term, volatility will increase.
Sensex Resistance 14383-14449-14484. Support 14210-14161-14054.
Nifty Resistance 4358-4369-4392-4448. Support 4301-4272-4238.
Buy Rolta 311 SL 306 Tgt 331-340.
Buy Ankur Drugs 252 SL 245 Tgt 260-268-273.
Buy Jindal Steel 2076 SL 2040 Tgt 2148-2179.
Buy Cairn Ind 241 SL 236 Tgt 250-254.
Buy Bharat Forge 255 SL 247 Tgt 265-271.
Buy Tata Steel 655 SL 642 Tgt 668-680.
Buy Ispat 26 SL 25 Tgt 27.60-29.10.
Buy SRF 132 SL 128 Tgt 139-144.
Buy GMR Infra 92 SL 88 Tgt 96-101.
Sell Sterling Bio 223 SL 234 Tgt 213-205-197.
Sell Karnatak Bank 126 SL 130 Tgt 120-115.

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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