Archives : DAILY MARKET OUTLOOK : 24/10/2008
Market likely to test support. It is suggested to wait for the closing. There is no semblance of stability in the market. But I will advise not to short very aggressively. I will try and risk in buying OTM calls.
Sensex Resistance 9856-9911-10172-10239. Support 9591-9449-9072-8799.
Nifty Resistance 2985-3046-3093-3158. Support 2894-2838-2748-2691.
Sell IOC 371 SL 383 Tgt 358-345-339.
Sell TVS Motors 30.70 SL 32.50 Tgt 29-26.
Sell BOI 256 SL 266 Tgt 248-245.
Sell Bharati 615 SL 638 Tgt 600-588-556.
Sell VSNL 420 SL 438 Tgt 400-392-380.
Sell SRF 84 SL 87 Tgt 90-70-65.
Sell Dena Bank 33 SL 35 Tgt 31.50-30.00-28.00.
Sell Andhra Bank 51 SL 53.60 Tgt 48-45.
Sell Synd Bank 60 SL 61.40 Tgt 56.55-52.50.
Sell RPower 107 SL 112 Tgt 102-95.
Sell HDFC 1763 SL 1815 Tgt 1682-1641-1586.

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