Archives : DAILY MARKET OUTLOOK : 19/09/2008
DAILY MARKET OUTLOOK : 19/09/2008.
The market went down but did not breach the previous lows and is seeing a sharp recovery led by the global markets and short covering. Expect Sensex-14109, Nifty-4231.
Financial, Banking, Infrastructure, Property and Cap Goods will see good bounce back due to short covering.
Sensex Resistance 13727-13933-14109-14205-14305. Support 13225-13140-13085.
Nifty Resistance 4159-4201-4231-4248-4299. Support 4005-3974-3943.
Buy ICICI 577 SL 564 Tgt 609-628.
Buy BoB 327 SL 319 Tgt 338-351.
Buy BOI 281 SL 275 Tgt 297-304.
Buy Punj Lloyd 291 SL 288 Tgt 307-315.
Buy Suzlon 209 SL 203 Tgt 219-227.
Buy HDIL 207 SL 195 Tgt 225-234.
Buy SBI 1566 SL 1513 Tgt 1608-1639.
Buy Rel Cap 1125 SL 1078 Tgt 1200-1257.

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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