Archives : DAILY MARKET OUTLOOK : 23/12/2008


NIfty is finding Resistance at 3100-3110 levels. So one can expect the Nifty to be in a range of 2900-3100 before breaking in any one direction.

Strategy will be buy at lower levels as key index heavy weights have still not given a Sell signal.

Sensex Resistance 9937-10071-10188-10249. Support 9860-9746-9631.

Nifty Resistance 3057-3084-3110-3161. Support 3006-2945-2922-2812.

Buy GSPL 32 SL 31 Tgt 34-36.

Buy Petronet 39.95 SL 38 Tgt 42.90-44.40.

Buy Noida 23 SL 22 SL 25-27.

Buy Suzlon 60 SL 57 Tgt 64-66.

Buy HPCL 271 SL 266 Tgt 278-284.

Buy GMR Infra 74 SL 71 Tgt 77-79.

Buy FSL 13.15 SL 12.30 Tgt 14.75-15.50.

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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