Archives : DAILY MARKET OUTLOOK : 02/12/2008

DAILY MARKET OUTLOOK : 02/12/2008.

The U.S. market has finally been officially declared that it is in recession and that prompted Dow to fall by 8%. The sentiment will be weak and hence avoid trading too much. Trade on the short side today whenever you have a bounce.

Sensex Support 8717-8649-8569-8316. Resistance 8937-9030-9092.

Nifty Support 2615-2502-2334. Resistance 2714-2741-2768.

Sell Bhel 1270 SL 1300 Tgt 1232-1155.

Sell RIL 1109 SL 1143 Tgt 1062-1032.

Sell RPower 107 SL 111 Tgt 102-95.

Sell Century Tex 120 SL 128 Tgt 111-104.

Sell HDFC Bank 898 SL 921 Tgt 882-868-798.

Sell HDFC 1443 SL 1490 Tgt 1382-1350-1316.

Sell Praj Ind 55 SL 58 Tgt 51-47.

Sell Maruti 487 SL 508 Tgt 475-467-393.

Sell Bharati 650 SL 677 Tgt 618-605.

Buy Oil Marketing companies as a hedge against your short sales.


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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