Archives : DAILY MARKET OUTLOOK : 23/01/2009


Reliance Ind has given better results, but that does not change the Bearishness in the market. Use any bounce to go short in the market.

Sensex Resistance 8885-8946-9041-9162. Support 8759-8699-8585-8467.

Nifty Resistance 2732-2775-2812. Support 2698-2681-2649-2570.

Sell Maruti 519 SL 524 Tgt 505-495-484.

Sell Jindal Steel 807 SL 833 Tgt 785-772-749.

Sell Yes Bank 66 SL 68 Tgt 63-61.

Sell LiC Hsg 218 SL 225 Tgt 211-201.

Sell Ranbaxy 186 SL 194 Tgt 179-171.

Sell Bharat Forge 73 SL 76 Tgt 69-65.

Sell HDFC Bank 900 SL 925 Tgt 880-865.

Sell Adlabs 165 SL 174 Tgt 155-152.

Sell LiTL 105 SL 109 Tgt 98-91.

Sell IVRCL Infra 95 SL 101 Tgt 89-85.

Sell Siemens 196 SL 205 Tgt 187-183.

Sell Nag Const 51 SL 53 Tgt 47-42.

Some Stocks like GMR Infra, NaLco, Akruti look positive.

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