Archives : DAILY MARKET OUTLOOK : 12/09/2008
DAILY MARKET OUTLOOK : 12/09/2008.
Market may get some boost by the fall in crude prices and lower inflation data for the third consecutive week. IIP data in the noon will provide high Volatility for the day.
Keep positions light and if possible cut down your positions. Best strategy is to hedge or use Pair Strategy where one goes Long on Stock which is likely to move up, at the same time one goes Short on Stock which is weak. In our case one can short Nifty or Reliance.
Sensex Resistance 14379-14414-14523. Support 14257-14136-14002.
Nifty Resistance 4308-4334-4357. Support 4272-4248-4221-4201.
Buy IFCI 48 SL 46.70 Tgt 50.65-53.45.
Buy IDFC 92 SL 90 Tgt 94-96.
Buy HCC 99 SL 97 Tgt 102.50-105.30.
Buy Karnataka Bank 149 SL 146 Tgt 152-154-159.
Buy IOB 101 SL 98 Tgt 103-106.50
Buy Lanco 291 SL 285 Tgt 297-302.
Sell Reliance 1997 SL 2019 Tgt 1967-1930.
Sell IBReal 269 SL 277 Tgt 259-255.

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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