Archives : DAILY MARKET OUTLOOK : 12/11/2008


Market will face Resistance at Nifty 2956 and Sensex 9956. The Failure of the Auto Bailout Package will force the market to open lower.

The Strategy should be to Buy only if the market is likely to close above Nifty 2860.

Sensex Resistance 9683-9746-9847. Support 9559-9441-9316.

Nifty Resistance 2934-2943-2970-3046. Support 2897-2861-2802.

Buy RNRL 54 SL 51 Tgt 59-63.

Buy IB Real 128 SL 120 Tgt 135-141-146.

Buy RIIL 380 SL 364 Tgt 396-402-414.

Buy JP Associates 82 SL 78 Tgt 87-89-96.

Buy RPower 118 SL 113 Tgt 123-128.

Buy Essar Oil 83 SL 80 Tgt 87-93.

Buy Crompton 142 SL 134 Tgt 148-161.

Buy HDIL 106 SL 102 Tgt 110-121.

Buy RPL 84 SL 79 Tgt 87-89-95.

Some Stocks looking negative are Tata Motors, Maruti, TCS and OBC.

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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