Archives : DAILY MARKET OUTLOOK : 20/10/2008
Market is oversold and we can expect some bounce in the morning. But the bounce will not sustain. Use this bounce to sell your pending long positions and create short at higher levels.
Sensex Resistance 10149-10239-10581. Support 9847-9449-8799.
Nifty Resistance 3142-3198-3269. Support 3018-2997-2940-2748.
Sell Bharti 677 SL 700 Tgt 653-580.
Sell Hero Honda 814 SL 832 Tgt 785-759.
Sell Maruti 640 SL 670 Tgt 624-603.
Sell Tata Power 748 SL 774 Tgt 722-696.
Sell NTPC 150 SL 158 Tgt 140-132.
Sell Tata Steel 247 SL 259 Tgt 239-222.
Sell TCS 453 SL 480 Tgt 437-411.
Sell EKC 193 SL 201 Tgt 186-174.
Sell Bhel 1191 SL 1250 Tgt 1099-1022.
Sell ACC 486 SL 508 Tgt 472-461.
Sell ABB 631 SL 658 Tgt 595-575.

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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