Archives : DAILY MARKET OUTLOOK : 18/11/2008


Today once again the market will be volatile. The pull back from the lows of yesterday will be tested for further strength.

Today Oil Marketing Companies are expected to do well, Buy them as a hedge against other short futures.

Sensex Resistance 9435-9579-9635. Support 2781-2754-2694.

Nifty Resistance 2833-2871-2938. Support 2781-2754-2694.

Sell Satyam 252 SL 263 Tgt 243-213.

Sell HDFC Bank 963 SL 960 Tgt 920-892-862.

Sell HDFC 1497 SL 1564 Tgt 1410-1382.

Sell Lanco Infra 116 SL 123 Tgt 105-99-88.

Sell Punj LLoyd 171 SL 177 Tgt 165-160-149.

Sell HCC 45 SL 47 Tgt 41-38.

Contrarions can Buy the following

Buy HPCL 224 SL 217 Tgt 231-235.

Buy BPCL 324 SL 319 Tgt 328-335.

Buy Nalco 184 SL 175 Tgt 191-195.

Buy VSNL 493 SL 479 Tgt 509-523.

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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