Archives : DAILY MARKET OUTLOOK : 10/09/2008


Yesterday Sensex found support at around 14700. For the upmove to continue Sensex need to close above 15100. While Nifty has strong Resistance at 4500-4520 zone and is finding support at 4420-4400. 

STRATEGY : Trade less and save money. Please try and resist the temptation to trade everytime which is the main reason why majority of the traders loose.

Sensex Resistance 14945-14998-15107. Support 14796-14714-14607-14528.

Nifty Resistance 4485-4497-4522. Support 4431-4418-4368-4312.

Buy IFCI 48.75 SL 47.35 Tgt 50.65 - 53.40.

Buy HPCL 243 SL 238 Tgt 251-258.

Buy Tech Mahindra 794 SL 782 Tgt 822-827.

Buy Orbit 313 SL 294 Tgt 323-334-349.

Buy Financial Tech 1520 SL 1480 Tgt 1548-1577-1595.

Buy Maruti 708 SL 685 Tgt 718-725-731.


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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