Archives : DAILY MARKET OUTLOOK : 18/12/2008


Market went into profit booking mode and thus closed below the breakout of 50dma.

The trend has not changed and as long as it is above 2860. The market will enter momentum mode, if it closes above 2985.

Sensex Resistance 9809-9869-10073. Support 9649-9412-9334.

Nifty Resistance 2985-3040-3076. Support 2932-2869-2835-2786.

Buy HPCL 247 SL 244 Tgt 253-260.

Buy BPCL 348 SL 342 Tgt 355-361-369.

Buy NTPC 173 SL170 Tgt 178-183.

Buy PNB 482 SL 474 Tgt 490-498-509.


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