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Archives : DAILY MARKET OUTLOOK : 21/01/2009

DAILY MARKET OUTLOOK : 21/01/2009.

Market will be trading with a negative bias and Nifty - 2812 will be difficult reisistance to cross. Sell on rise and hedge by buying Power and Oil Marketing Companies at lower levels.

Sensex Resistance 9148-9188-9235-9456. Support 9059-8966-8894-8638.

Nifty Resistance 2812-2853-2866-2888. Support 2758-2720-2701-2650.

Buy Torrent Power 78 SL 75 Tgt 82-89.

Buy Neyvelli Lignite 87 SL 83 Tgt 91-95.

Buy Polaris 44 SL 41 Tgt 46-49.

Buy NTPC 185 SL 181 Tgt 189-192-196.

Buy RPower 102 SL 98 Tgt 107-111.

Buy ReL Infra 551 SL 532 Tgt 565-575.

Buy Alstom Proj 248 SL 244 Tgt 259-262-272.

Buy BEML 366 SL 343 Tgt 383-397-409.

Buy HPCL 293 SL 289 Tgt 298-306.

Buy BPCL 392 SL 386 Tgt 399-404.

Buy IOC 447 SL 439 Tgt 454-460.

Go Short at Higher Levels in the following:

Sell HDFC Bank 915 SL 931 Tgt 892-862.

Sell HDFC 1485 SL 1528 Tgt 1448-1428-1413.

Sell McDowell 733 SL 775 Tgt 688-629.

Sell Educomp 1968 SL 2050 Tgt 1881-1852-1832.

Sell Tata Comm 449 SL 481 Tgt 432-418-390.

 
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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