Archives : DAILY MARKET OUTLOOK : 24/12/2008


Today being an expiry, the market will be very volatile. Support for the Nifty will be at 2922 and Resistance will be at 3003.

Trade Light for today. Be cautious on either side.

Sensex Resistance 9734-9798-9838-9894. Support 9600-9322-9281.

Nifty Resistance 2986-3003-3046-3076. Support 2946-2922-2860.

Buy IOC 410 SL 402 Tgt 422-431.

Buy HPCL 272 SL 267 Tgt 280-284.

Buy BPCL 366 SL 357 Tgt 374-384.

Buy Bajaj Hind 62 SL 58 Tgt 66-72.

Buy Balrampur Chini 46 SL 44 TGt 48-51.

Buy BEL 709 SL 698 Tgt 723-747.

Sell L&T 774 SL 805 Tgt 760-743.

Sell Satyam 140 SL 147 Tgt 134-128.

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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