Archives : DAILY MARKET OUTLOOK : 27/10/2008
Options IVs are phenomenally high above 90%. The Volatility does not last so much at such high levels. The OIPCR is at a measly 0.68. This is the point where it indicates extremely oversold. May be one can expect some bounce.
Sensex Resistance 8836-9072-9570. Support 8431-8278-7656-7427.
Nifty Resistance 2760-2973-3046-3153. Support 2466-2307-2275-1896.
Sell Sterling Bio 163 SL 170 Tgt 157-147-140.
Sell Hero Honda 728 SL 760 Tgt 680-631.
Sell REC 63 SL 67 Tgt 53-47.
Sell Tata Power 629 SL 665 Tgt 581-478.
Sell VSNL 365 SL 380 Tgt 340-317.
Sell Zee 124 SL 141 tgt 114-108.
Expect strong bounce in extremely oversold stocks like Suzlon, Hindalco.

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