Archives : DAILY MARKET OUTLOOK : 16/01/2009

DAILY MARKET OUTLOOK : 16/01/2009.

Market will be volatile with a negative bias. It is advised to go short at higher levels.

Sensex Resistance 9119-9162-9200-9281. Support 8946-8846-8785-8776.

Nifty Resistance 2766-2796-2812-2860. Support 2701-2666-2595.

Buy Moser Baer 66 SL 62 Tgt 69-76.

Buy HPCL 273 SL 266 Tgt 278-284.

Buy BPCL 376 SL 367 Tgt 385-389.

Buy Bal Chini 50 SL 48 Tgt 53-55.

Buy Baj Hind 55 SL 52 Tgt 58-61.

Buy Triveni 46 SL 44 Tgt 50-53.

Sell Crompton 131 SL 138 Tgt 126-124-115.

Sell Aban 590 SL 620 Tgt 576-547.

Sell BoI 245 SL 251 Tgt 239-228.

Sell HDFC Bank 924 SL 942 Tgt 892-870.

Sell ICICI 408 SL 418 Tgt 388-375.

Sell Yes Bank 71 SL 74 Tgt 68-64.


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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