Archives : DAILY MARKET OUTLOOK : 29/12/2008

DAILY MARKET OUTLOOK : 29/12/2008.

Market is likely to trade with a negative bias as the market has broken and closed below imp support levels. So go short at higher levels.

Sensex Resistance at 9502-9633-9911. Support 9270-9028-8909-8726.

Nifty Resistance 2884-2922-2960. Support 2844-2812-2700.

Sell Bhel 1300 SL 1325 Tgt 1282-1269-1242.

Sell L&T 744 SL 769 Tgt 695-680.

Sell TCS 471 SL 480 Tgt 460-445.

Sell INFOSYS 1109 SL 1132 Tgt 1077-1040.

..

Sell Bharti Airtel 686 SL 698 Tgt 674-660-649.

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Sell HDFC Bank 972 SL 995 Tgt 942-920.

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Sell ONGC 642 SL 671 Tgt 612-597.

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Sell SAIL 71 SL 75 Tgt 64-61.

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Some stocks likely to bounce are

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Buy RPL 84 SL 79 Tgt 89-92.

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Buy Jet Air 185 SL 177 Tgt 195-204.

 

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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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