Archives : DAILY MARKET OUTLOOK : 16/10/2008
DAILY MARKET OUTLOOK : 16/10/2008.
Market likely to make a new bottom and it will be important how the market reacts from there. The 61.8% Retracement levels of the Sensex and Nifty are at 9895 and 2997 resp.
It will be interesting to note that pull back if any will be led by PSU banks and Oil
Marketing Companies.
Sensex Support 9951-9895-9449. Resistance ???
Nifty Support 3117-3040-2997-2931. Resistance ???
Sell Essar Oil 98 SL 104 Tgt 89-76.
Sell L&T 895 SL 934 Tgt 873-850.
Sell Bhel 1397 SL 1433 Tgt 1355-1335.
Sell Educomp 2319 SL 2359 Tgt 2261-2136.
Sell Titan 803 SL 835 Tgt 761-737.
Sell VSNL 486 SL 499 Tgt 473-448.
Sell NTPC 167 SL 171 Tgt 161-158.
Sell RIL 1520 SL 1555 Tgt 1492-1477.
Sell TCS 543 SL 564 Tgt 527-508.
Sell ABB 651 SL 675 Tgt 631-613-585.
SBI, BPCL, HPCL, UBI, IOC may lead the pullback if any.

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