Archives : DAILY MARKET OUTLOOK : 28/08/2008


Markets will be very volatile and uncertainty will be order of the day. Some stocks will show recovery based on short covering. Best strategy is to trade less and be safe.

Bearish Engulfing in the Sensex and hence will test the support at 14213 and Nifty 4272-4266.

Sensex Resistance 14341-14397-14459. Support 14227-14136-14032.

Nifty Resistance 4315-4338-4369. Support 4272-4248-4218.

Sell HDFC 2296 SL 2325 Tgt 2260-2225.

Sell L&T 2577 SL 2612 Tgt 2545-2525.

Sell Jindal Steel 1881 SL 1905 Tgt 1858-1843.

Sell Bhel 1682 SL 1704 Tgt 1664-1646.

Sell REL 965 SL 990 Tgt 951-930.

Sell SBI 1331 SL 1348 Tgt 1309-1278.

Sell RIL 2148 SL 2169 Tgt 2111-2075.

Sell Tata Motors 422 SL 428 Tgt 417-412.

Sell DLF 478 SL 486 Tgt 471-465-450.

Stocks like GTL, Matrix Lab, KLG Sys, Nectar Life, Glenmark, and Allsec Tech show positive build up.

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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