Archives : DAILY MARKET OUTLOOK : 03/10/2008


Markets will open lower and then expect sharp bounce only to face selling pressure at higher levels. The trend today will be highly volatile. The stocks that will remain in focus will be the banking stocks and the Nuclear deal positive stocks. It is advisable to sell at higher levels.

Sensex Resistance 13105-13208-13269. Support 12952-12822-12697.

Nifty Resistance 4024-4050-4093-4114. Support 3919-3861-3801.

Buy Punj Lloyd 291 SL 284 Tgt 301-306-311.

Buy Axis Bank 734 SL 722 Tgt 755-771.

Buy SBI 1504 SL 1475 Tgt 1545-1574.

Buy Maruti 700 SL 689 Tgt 713-725.

Buy JP Associates 118 SL 114 Tgt 124-128.

Buy HPCL 240 SL 235 Tgt 246-253.

Buy Tata Steel 438 SL 427 Tgt 454-467.

Buy PNB 494 SL 486 Tgt 501-508-514. 

Buy BOI 290 SL 285 Tgt 297-304.


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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