Archives : DAILY MARKET OUTLOOK : 05/09/2008


Micchhami Dukkdam to all of you.

Thanks to all of you for wishing Teachers Day. A Barometer of a good Teacher is the love and affection of the students he has. I am blessed to have you all.

Market will react to weak U.S. & Asian markets, and open lower with a gap down. But the silver lining is Inflation which has dropped 2nd week in succession. Avoid buying or selling in the opening, watch the market trend for sometime and then trade.

Sensex Resistance14994-15106-15243, Support 14609-14498-14358.

Nifty Resistance 4464-4514-4557. Support 4343-4318-4280.

Buy BPCL 330 SL 323 Tgt 339-346.

Buy Aban 2157 SL 2112 Tgt 2284-2316-2350.

Buy Gail 420 SL 415 Tgt 426-434.

Banking, Infra, Cap Goods & Realty stocks can be bought on decline.

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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