Archives : DAILY MARKET OUTLOOK : 12/01/2009


Market has strong support at 2810. This should not be broken or the Bears will create havoc.

Sensex Resistance 9630-9745-9911. Support is at 9489-9312-9281-9162.

Nifty Resistance 2933-2966-3046-3055. Support is at 2810-2716-2570.

Sell Punj Lloyd 115 SL 127 Tgt 105-95.

Sell NDTV 100 SL 107 Tgt 93-85.

Sell SRF 69 SL 74 Tgt 63-54.

Sell LiTL 110 SL 118 Tgt 101-97-83.

Sell McDowell 782 SL 802 Tgt 751-728.

Sell Educomp 2127 SL 2185 Tgt 1982-1881.

Sell Siemens 261 SL 273 Tgt 249-235.

Sell ONGC 669 SL 690 Tgt 640-627.

Buy BPCL 380 SL 374 Tgt 389-400.

Buy NTPC 178 SL 172 Tgt 184-190.

Buy IOC 434 SL 422 Tgt 442-450.

Buy Dabur, HLL, HPCL as a hedge.

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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